Binance chaos causes tape-record futures activity– evaluating the effect Andjela Radmilac · 3 weeks ago · 3 minutes checked out
Trading volumes in Bitcoin futures and continuous agreements rise in wake of Binance’s $4 billion SEC fine.
3 minutes checked out
Upgraded: November 23, 2023 at 6:10 pm
Cover art/illustration by means of CryptoSlate. Image consists of combined material which might consist of AI-generated material.
In the wake of the SEC’s shocking $4 billion fine on Binance, the crypto market pulsated with extraordinary activity. Bitcoin took an unexpected nosedive reaching levels that rattled financiers. What’s genuinely unexpected is the explosive action from the futures market, with trading volumes more than quadrupling over night. As Binance’s own numbers inform a tale of frenzied trades, what does this mean for the stability of crypto markets? Discover how traders browsed this storm of unpredictability, and what preceded a quick however considerable fall listed below Bitcoin’s important assistance level. Gain access to the complete breakdown and professional analysis with CryptoSlate Alpha.
