Digital Currency

Add as a preferred source on Google

Binance Coin (BNB) Account Data Show Long Tilt as Open Interest Falls 0.04%

At 2 a.m. ET (07:00 UTC), long positions represented 73.1% of Binance global accounts and 74% of top traders.

Updated 1 min read
An editorial market graphic depicts BNB’s long-heavy account readings and slightly lower futures open interest. / TokenPost.ai (mono)
An editorial market graphic depicts BNB’s long-heavy account readings and slightly lower futures open interest. / TokenPost.ai (mono)

Binance Coin (BNB) rose 0.74% to $699.09 as of 2:55 a.m. ET (07:55 UTC) Sunday, while Binance account readings showed a long skew and futures open interest slipped 0.04%.

A separate futures reading showed open interest down 0.04% over 24 hours, to 536,428.80 contracts valued at $371.4 million.

Long positions accounted for 73.1% of Binance’s global account group and 74% of top traders in the 2 a.m. ET (07:00 UTC) reading. These figures cover Binance participants, not the cryptocurrency market as a whole.

Separately reported indicators listed BNB’s 200-day average at $657.99 and its seven-, 20- and 50-day averages at $699.40, $720.03 and $744. Funding was 0.0027%; taker volume was 4,952 on the buy side and 5,334 on the sell side, for a 0.9283 buy-sell ratio.

Related articles

View all