Merchants are turning bearish within the perpetual futures market related to the BNB token because the embattled cryptocurrency continues to face a difficult setting on a number of fronts. Open curiosity and volume-weighted funding charges in perpetual futures fell to -0.18%, the bottom since late April, knowledge tracked by CoinGlass confirmed. These numbers imply that shorts, or positions that revenue from a drop in value, are dominant, and longs are keen to pay to maintain their bearish bets open. Funding charges are taken each eight hours. Huff Haus, co-founder of Peer Protocol, stated, “BNB goes down drastically,” referring to deep detrimental funding charges.

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