CandleFocus

Binance OI at New Highs of $8.3B: Will BNB Reclaim its ATH after...

Author: Content Editor
The open interest of Binance has reached a new high of $8.3 billion, representing 35% of the total global futures positions. This spike indicates potential volatility and upcoming market movements, possibly leading to liquidations. Binance Coin (BNB) is approaching a key resistance zone and is showing bullish momentum with support from moving averages and positive MACD crossover. Traders should closely monitor the $587.07 resistance level for a breakout, which could lead to retesting the one-month high and the reclaiming of BNB's all-time high. BNB's partnership with Brickken in real-world asset tokenization and the growing interest from institutions like Blackrock and Franklin Templeton further support its future prospects. Binance and BNB are well-positioned to capitalize on these developments.

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