Market players to tread with caution as liquidation risks for long Binance Coin [BNB].
Sol Flips BNB, although Binance bulls have continued to build upon momentum.
The native token of the Binance network BNB, is facing major pushback as market conditions worsen. Although altcoins are collectively making a slow recovery to reclaim previous price levels, BNB bulls might have to work even harder in the coming weeks. As such, market sentiments are expected to become increasingly bearish.
According to recent market data, the Binance Coin (BNB), highlights major dangers for long holders as liquidation risks heighten. Liquidations happen because traders’ leveraged positions are forcefully closed by cryptocurrency exchanges. This typically happens when the market moves in an opposite direction to the trade, as a result, the traders no longer meet the margin requirements.
Liquidations are alarming for crypto traders as they pose a major threat to traders’ funds. When liquidations occur, tra
BlockFi’s Bitcoin Trust Takes Aim at GBTC
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