Crypto traders are showing pessimism in the derivatives market for the embattled crypto exchange Binance's native coin BNB amid the growing regulatory turmoil. The open interest-weighted funding rate turned negative on Binance's BNB coin this weekend, as per Coinglass data. The negative open interest means that traders betting on a price decline are willing to pay those who are waiting on gains to keep their bearish positions open on the cryptocurrency. ...
Crypto traders are showing pessimism in the derivatives market for the embattled crypto exchange Binance's native coin BNB amid the growing regulatory turmoil. The open interest-weighted funding rate turned negative on Binance's BNB coin this weekend, as per Coinglass data. The negative open interest means that traders betting on a price decline are willing to pay those who are waiting on gains to keep their bearish positions open on the cryptocurrency. ...
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