Binance clears the air of doubts about its comprehensive well-being. Futures and options traders hang back on trading BNB. On-chain data shows losses for investors amid recovering deposits. After weeks of allegations and counter-accusations, Binance has finally addressed the issues raised as it aims to end the uncertainty and doubt rocking the exchange. In its […]
on picking up a significant uptick. However, the 24-hour trading volume was able to supersede the price stagnancy with an 18.36% increase. According to on-chain data provider Santiment, the BNB volume was $546.13 million at press time.This condition reflected an attempt by traders to jump in on BNB based on price movement. The traders’ action in the derivatives market was contrary to the display in the overall market.a massive dump in funding rate on the exchange at -0.
Per its 30-day Market Value to Realized Value ratio, BNB remained resolute in keeping investors in losses. At -13.27%, the MVRV depicted an undervalued scenario. However, it also signified negative outcomes for holders who bought at a price higher than the current value.Subscribe to get it daily in your inbox.
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