- BNB prices rose 0.10% in 24 hours, but futures traders have reduced trust in public interest decrease.
- Short traders have lost more than $ 102K in 24 hours despite the weak prejudice, suggesting optimistic elasticity.
In the last 24 hours, the price movement of Binance Coin (BNB) remained neutral and has a 0.10%appropriate profit.
It sounds like no event, but market behavior and chain signal tell a much more subtle story.
Spot and futures merchants take different aspects
Spot traders have been optimistic and continued to acquire more BNBs in the market.
Only on the last day, a $ 83.4 million BNB removed the exchange, and this week’s net leak was brought to $ 32.8 million.
This purchase indicates that the trader acquires BNB from the exchange and moves to a personal wallet.
Source: COINGLASS
This trend has a long -term positive outlook for assets, which is important for maintaining price stability.
But the gift merchants are still unclear.
In particular, AmbCrypto found that the largest merchant in Binance is the weakest according to its position size. This feelings are reflected in the Taker Buy/Sell ratio reported by CoingLass at 0.955.
The Taker Buy/Sell ratio, the main market indicator of CoingLass, measures whether the purchase volume (1 or more) or sales volume (less than 1) is dominant.
The wider market seems to be weaker, and the press time ratio is 0.9139, suggesting that the purchase pressure is weak.
Source: COINGLASS
The public interest (OI) has also been reduced and there is a continuous tendency.
BNB’s OI fell from $ 85.2 million in early May to $ 799.9 million. The decrease in unstable contracts shows the decrease in conviction and fading momentum.
Source: COINGLASS
Surprisingly, short traders have lost higher for the last 24 hours and have lost $ 102,560 compared to $ 2,140 lost by long -distance traders.
The larger loss among short merchants suggests that the market is tilted against them and offers advantages for a long time.
BNB development activities are reduced
But the activity of BNB Smart Chain draws more careful pictures. After a solid construction earlier this month, every day’s smart contract was retreated.
According to BSCSCAN, distribution decreased 34.77% in 24 hours, down to 54,369.
The proven contract also dropped from 22.69%to 259. Naturally, if the contract is reduced, the network usage will be lowered and the demand for chain for BNB decreases.
Source: bscscan
Continuous slowdown in development activities can be a decisive factor for whether the BNB is rally or no longer decreases.
If negative feelings about development persist, prices can be continued. But new development and positive emotions can support potential rally.