Binance Coin (BNB) is at risk of facing considerable FUD in the near future. This is due to an exponential rise in open interest of short orders being placed on Binance - without any significant news to delve into or updates in regards to BNB or the exchange. This was a similar strain of action seen back in March and could be due to investors trying to protect their investment in face of the recent EDU launchpad event. During this event Binance laid out that the subscription period would come to a close one hour prior.

As investors attempt to mitigate the risk that may come with the launchpad, they've potentially identified shorting BNB as a hedging move. This could be the contributing factor behind the sudden surge in short orders, even in the dark of any relevant updates. While it's uncertain what the true outcome from this wave of FUD could be, it would be wise to keep in the know when it comes to the development of the market and sentiment.

At the time of writing BNB is stagnating at a somewhat stable price of $320 in spite of the boost in shorting taking place. What's more notable is the amount of volume that's been broken in terms of local highs due to the increase in the market of traders wanting to bet against the crypto. As such, it's up in the air as to whether or not the EDU launchpad event or any other unforeseen event could bring forth an even further wave of FUD and a shift in market movements.



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