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BNB Token Is Being Heavily Shorted, Perpetual Futures Show

Funding rates in perpetual futures tied to BNB are most negative in nearly three months.

Updated Jul 17, 2023, 10:22 a.m. Published Jul 17, 2023, 7:28 a.m.
BNB open interest-weighted funding rate (Coinglass)
BNB open interest-weighted funding rate (Coinglass)