{"id":542965,"date":"2023-07-17T23:30:11","date_gmt":"2023-07-17T23:30:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=542965"},"modified":"2024-06-11T12:49:48","modified_gmt":"2024-06-11T12:49:48","slug":"bnb-open-interest-new-highs","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/","title":{"rendered":"Bearish Signal: BNB Open Interest Skyrockets To New Highs"},"content":{"rendered":"<p class=\"p2\">Crypto exchange Binance has been the <a href=\"https:\/\/uniquehot.com\/news\/fud-or-real-binance-selling-bitcoin-to-prop-up-bnb\/\">subject<\/a> of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it seems the crypto exchange is beginning to find its footing once more amid regulatory wolves circling, its native token is still under immense selling pressure. This is evidenced by the BNB open interest, which has now skyrocketed to new all-time highs.<\/p>\n<h2 class=\"p2\">BNB Open Interest Reaches New All-Time High<\/h2>\n<p class=\"p2\">In an interesting turn of events, BNB shorts are ramping up even at a time when the crypto market seems to be on a recovery trend. According to a Twitter <a href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/70784769?s=20\" rel=\"nofollow\">post<\/a> by analyst Dylan LeClair, this has caused the open interest in the digital asset to rise exponentially.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/crypto\/crypto-liquidations-cross-300-million\/?swcfpc=1\">Crypto Liquidations Cross $300 Million Amid Massive Market Recovery<\/a><\/div>\n<p class=\"p2\">The chart shared by LeClair shows that BNB&#8217;s open interest is now sitting at $400 million. This is over four times higher than the previous all-time high for the digital asset which was $50 million back in 2020. And unlike then, the surge in open interest right now is more bearish than it is bullish.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Hmmm, some interesting flow in <a href=\"https:\/\/twitter.com\/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BNB<\/a> futures:<\/p>\n<p>&#8211; Perpetual futures open interest is seeing new highs as funding rates have gone deeply negative (-200% APR for next funding period) (Chart #1) &#8211; looks as if someone is getting ahead of some bad news flow.<\/p>\n<p>&#8211; The last time BNB\u2026 <a href=\"https:\/\/t.co\/1B27OkjvPx\" rel=\"nofollow\">pic.twitter.com\/1B27OkjvPx<\/a><\/p>\n<p>\u2014 Dylan LeClair \ud83d\udfe0 (@DylanLeClair_) <a href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/70784769?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 17, 2023<\/a><\/p><\/blockquote>\n<p class=\"p2\">This current increase has seen funding rates move above negative 200% and yet traders continue to short the altcoin. The fact that traders are choosing this route despite the high cost to do so points to the expectations of a massive crash coming for the digital asset.<\/p>\n<p class=\"p2\">As LeClair points out, this could mean that the United States Department of Justice (DoJ) is finally leveling charges against the crypto exchange. \u201cAnd people in the know are positioning accordingly.\u201d<\/p>\n<h2 class=\"p2\">Will The Altcoin Survive a DoJ Lawsuit?<\/h2>\n<p class=\"p2\">As already <a href=\"https:\/\/uniquehot.com\/analysis\/bnb\/bnb-market-cap-down-by-25-in-june-amidst-binance-regulatory-pressure\/\">demonstrated<\/a> by the Securities and Exchange Commission\u2019s (SEC) lawsuit against the Binance crypto exchange, a lawsuit from regulators would have an adverse impact on the price of BNB. When the SEC sued the exchange in early June, the price of BNB plummeted by over 20% over a few days period.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/iwSP16O4\/\" alt=\"Binance Coin (BNB) price chart from TradingView.com\" width=\"2884\" height=\"1758\"><\/p>\n<pre style=\"text-align: center\">\u00a0BNB price continues to hold above $240 | Source: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">BNBUSD on TradingView.com<\/a><\/pre>\n<p class=\"p2\">Given such a response, a lawsuit from the DoJ would be even worse because of its implications. And if this were to happen this week, then another 20% decline from here would see the digital asset lose its footing above $200.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/matic\/polygon-upgrade-proposal-pushes-price\/?swcfpc=1\">Polygon Upgrade Proposal Pushes Price Over 5%, Is It Too Late To Buy?<\/a><\/div>\n<p class=\"p2\">For right now, the price of BNB is still holding up nicely above $240. One reason for this could be the Arkham sale being carried out on the Binance launchpad. As this sale requires BNB for subscriptions to participate, it has provided temporary buy pressure for investors to participate. However, once the sale ends on July 18, this temporary plug would be eliminated and the cryptocurrency will likely fall back to the $230 territory.<\/p>\n<div class=\"disclaimer-shortcode\"><a href=\"https:\/\/twitter.com\/BestOwie\" rel=\"nofollow\">Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Currency.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it seems the crypto exchange is beginning to find its footing once more amid regulatory wolves circling, its native token is still under immense selling pressure. This is evidenced by the BNB open interest, which has now skyrocketed to new all-time highs. BNB Open Interest Reaches New All-Time High In an interesting turn of events, BNB shorts are ramping up even at a time when the crypto market seems to be on a recovery trend. According to a Twitter post by analyst Dylan LeClair, this has caused the open interest in the digital asset to rise exponentially. Related Reading: Crypto Liquidations Cross $300 Million Amid Massive Market Recovery The chart shared by LeClair shows that BNB&#8217;s open interest is now sitting at $400 million. This is over four times higher than the previous all-time high for the digital asset which was $50 million back in 2020. And unlike then, the surge in open interest right now is more bearish than it is bullish. Hmmm, some interesting flow in $BNB futures: &#8211; Perpetual futures open interest is seeing new highs as funding rates have gone deeply negative (-200% APR for next funding period) (Chart #1) &#8211; looks as if someone is getting ahead of some bad news flow. &#8211; The last time BNB\u2026 pic.twitter.com\/1B27OkjvPx \u2014 Dylan LeClair \ud83d\udfe0 (@DylanLeClair_) July 17, 2023 This current increase has seen funding rates move above negative 200% and yet traders continue to short the altcoin. The fact that traders are choosing this route despite the high cost to do so points to the expectations of a massive crash coming for the digital asset. As LeClair points out, this could mean that the United States Department of Justice (DoJ) is finally leveling charges against the crypto exchange. \u201cAnd people in the know are positioning accordingly.\u201d Will The Altcoin Survive a DoJ Lawsuit? As already demonstrated by the Securities and Exchange Commission\u2019s (SEC) lawsuit against the Binance crypto exchange, a lawsuit from regulators would have an adverse impact on the price of BNB. When the SEC sued the exchange in early June, the price of BNB plummeted by over 20% over a few days period. \u00a0BNB price continues to hold above $240 | Source: BNBUSD on TradingView.com Given such a response, a lawsuit from the DoJ would be even worse because of its implications. And if this were to happen this week, then another 20% decline from here would see the digital asset lose its footing above $200. Related Reading: Polygon Upgrade Proposal Pushes Price Over 5%, Is It Too Late To Buy? For right now, the price of BNB is still holding up nicely above $240. One reason for this could be the Arkham sale being carried out on the Binance launchpad. As this sale requires BNB for subscriptions to participate, it has provided temporary buy pressure for investors to participate. However, once the sale ends on July 18, this temporary plug would be eliminated and the cryptocurrency will likely fall back to the $230 territory. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Currency.com, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":542967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10768,13291,11427,79524,79611],"class_list":["post-542965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-binance-coin","tag-bnb","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\n<title>Bearish Signal: BNB Open Interest Skyrockets To New Highs<\/title>\n<meta name=\"description\" content=\"Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bearish Signal: BNB Open Interest Skyrockets To New Highs\" \/>\n<meta property=\"og:description\" content=\"Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-17T23:30:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:49:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486\" \/>\n\t<meta property=\"og:image:width\" content=\"834\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Bearish Signal: BNB Open Interest Skyrockets To New Highs\",\"datePublished\":\"2023-07-17T23:30:11+00:00\",\"dateModified\":\"2024-06-11T12:49:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486\",\"keywords\":[\"Binance\",\"Binance Coin\",\"BNB\",\"BNBUSD\",\"bnbusdt\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/\",\"name\":\"Bearish Signal: BNB Open Interest Skyrockets To New Highs\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486\",\"datePublished\":\"2023-07-17T23:30:11+00:00\",\"dateModified\":\"2024-06-11T12:49:48+00:00\",\"description\":\"Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486\",\"width\":834,\"height\":486,\"caption\":\"BNB\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bearish Signal: BNB Open Interest Skyrockets To New Highs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/uniquehot.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bearish Signal: BNB Open Interest Skyrockets To New Highs","description":"Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/","og_locale":"en_US","og_type":"article","og_title":"Bearish Signal: BNB Open Interest Skyrockets To New Highs","og_description":"Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it","og_url":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-07-17T23:30:11+00:00","article_modified_time":"2024-06-11T12:49:48+00:00","og_image":[{"width":834,"height":486,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/"},"author":{"name":"Best Owie","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Bearish Signal: BNB Open Interest Skyrockets To New Highs","datePublished":"2023-07-17T23:30:11+00:00","dateModified":"2024-06-11T12:49:48+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/"},"wordCount":535,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486","keywords":["Binance","Binance Coin","BNB","BNBUSD","bnbusdt"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/","url":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/","name":"Bearish Signal: BNB Open Interest Skyrockets To New Highs","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486","datePublished":"2023-07-17T23:30:11+00:00","dateModified":"2024-06-11T12:49:48+00:00","description":"Crypto exchange Binance has been the subject of intense regulatory scrutiny over the last few months and BNB has suffered as a result. Even now, as it","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486","width":834,"height":486,"caption":"BNB"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bearish Signal: BNB Open Interest Skyrockets To New Highs"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bearish Signal: BNB Open Interest Skyrockets To New Highs","url":"http:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bnb-open-interest-new-highs\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","binance coin","bnb","bnbusd","bnbusdt"],"dateCreated":"2023-07-17T23:30:11Z","datePublished":"2023-07-17T23:30:11Z","dateModified":"2024-06-11T12:49:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bearish Signal: BNB Open Interest Skyrockets To New Highs\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bnb-open-interest-new-highs\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bnb-open-interest-new-highs\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/BNB-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/BNB-1.jpeg?fit=834%2C486\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"binance coin\",\"bnb\",\"bnbusd\",\"bnbusdt\"],\"dateCreated\":\"2023-07-17T23:30:11Z\",\"datePublished\":\"2023-07-17T23:30:11Z\",\"dateModified\":\"2024-06-11T12:49:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/BNB-1.jpeg?fit=834%2C486","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542965"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=542965"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/542965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/542967"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=542965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=542965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=542965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}