BNB Futures open interest retreated from its $1B peak as its market structure flashed strength. What's next for Binance Coin?
highlighted significant shifts in market positioning, with Futures open interest retreating from December’s $1 billion milestone. With institutional players recalibrating their positions, the market structure revealed interesting patterns worth examining at press time.tapered off after hitting peak levels, with a marked decline in total value locked in Futures contracts. While long liquidations dominated in December, hitting $9.
While the billion-dollar OI milestone captured headlines in December, the current market positioning might provide a more sustainable foundation for BNB’s next move. Traders should monitor the convergence of spot and derivatives metrics for confirmation of a directional bias.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.
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