$CNPY Even without Binance Futures, CNPY being listed on futures markets on other exchanges can impact the price in both directions.
Leverage can amplify buying pressure and push the price higher, but it can also amplify selling pressure and trigger liquidations when the market moves down. Open interest, funding rates, and liquidations can therefore create sharp moves in either direction.
That’s why CNPY price action is not driven by spot buying and selling alone anymore.
dyor.
Leverage can amplify buying pressure and push the price higher, but it can also amplify selling pressure and trigger liquidations when the market moves down. Open interest, funding rates, and liquidations can therefore create sharp moves in either direction.
That’s why CNPY price action is not driven by spot buying and selling alone anymore.
dyor.