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Lido DAO Token Drops 3.07% as Binance Futures Show Slight Long Tilt

Long accounts made up 52.1% of Binance's global futures positioning at 3 a.m. ET, while taker sell volume narrowly exceeded buy volume.

Updated 1 min read
A market graphic plots Lido DAO token’s decline beside futures positioning and taker-volume bars. / EconoTimes.ai
A market graphic plots Lido DAO token’s decline beside futures positioning and taker-volume bars. / EconoTimes.ai

Lido DAO’s governance token (LDO) fell 3.07% to $0.3239 as of 7:13 a.m. ET (12:13 UTC) Saturday, while Binance futures data showed a slight long skew among accounts and marginally higher taker sell volume.

CoinGecko and exchange spot data provided the latest price. A Binance futures snapshot taken at 3 a.m. ET (08:00 UTC) on Nov. 7 put the global long-to-short account ratio at 1.0886. Long accounts represented 52.1% of the total, compared with 47.9% short. Top-trader figures were 60.8% long and 39.2% short.

Sell-side taker volume reached 186,176, narrowly above the 183,541 recorded on the buy side; the reported buy-to-sell ratio was 0.9858. The snapshot recorded $10.8 million in open interest, a 0.64% 24-hour increase; the funding rate was -0.0011%.

LDO was below its 20-day ($0.36) and 50-day ($0.41) averages. The chart categorized its 14-period RSI reading of 37.47 as neutral.

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