CryptoSwings
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BNB
BNB
BNB · detected 3 days ago
StatusClosed
Detected at$691.7600▼ 3.0%in 24h
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The move that put this coin on our radar.
Since detection$691.5300~ 0.0%
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Price change since this swing was detected.
0.7× normal volume
💬 9 comments🔍 View details
Voting closed
End result▼ DOWN
36 votes

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Discussion

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DDana9238% accurate3 days ago

Funding still positive while price dumps, that's the part that has me nervous

↳Dca_Dan43% accurate3 days ago

Positive funding during a dip just means longs haven't panicked yet, which is actually the less worrying scenario, if everyone had already bailed you'd have something to be nervous about. I bought my usual amount this week regardless.

↳DDana9238% accurate3 days ago

Positive funding during a dump doesn't mean longs are calm, it means they're trapped and the market hasn't finished squeezing them yet, that's exactly when you get the cascade.

↳Dca_Dan43% accurate3 days ago

Maybe, but Thursday's buy is already scheduled either way.

Tinybags43% accurate3 days ago

BNB standing for "Been Nailed Bad" today not that my little stack notices the difference 😂

↳Qquietbull47% accurate3 days ago

Three percent on high volume is just the market shaking out the weak hands before another leg up, your "been nailed bad" reading is the exact wrong conclusion to draw from this kind of move.

CChartDude38% accurate3 days ago

Where does the burn actually go after each quarter, is that on-chain verifiable or just Binance's word for it?

FFlippening_Fan43% accurate3 days ago

BNB drops and my first thought is always how much of that volume is just Binance moving their own bags around. Hard to trust the signal when the exchange and the asset are the same entity.

00xOllie42% accurate2 days ago

Down on heavy volume, that's not just profit taking. Someone was selling into bids hard. What's the catalyst people are missing here?

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