#BinanceLaunchesBinanceIntelligence The price of $BNB edged down slightly on Monday, trading around $786 after posting gains for three consecutive weeks. During the day, the asset briefly topped $800, while the derivatives market saw increased activity and a stronger bias toward buyers.
In the derivatives market, $BNB open interest reached around $1.81 billion on Monday, its highest level since early June, according to data cited by FXStreet.
The rise in open interest alongside the price increase reflects the entry of new leveraged positions. Meanwhile, the funding rate remains positive at around 0.0093%, indicating that traders holding long positions are more willing to pay those holding short positions.
In the derivatives market, $BNB open interest reached around $1.81 billion on Monday, its highest level since early June, according to data cited by FXStreet.
The rise in open interest alongside the price increase reflects the entry of new leveraged positions. Meanwhile, the funding rate remains positive at around 0.0093%, indicating that traders holding long positions are more willing to pay those holding short positions.