There was a spike in futures BNB shorts hours before the US Securities and Exchange Commission (SEC) accused Binance of fraud.
On-chain analytics platform coinalyze according to data BNB futures trading short positions in the market June 5th as of date TSI at noon increased rapidly.
Futures position volume, in process 306 million at dollar level 336 million up to the dollar level 30 million while the dollar increased, in the same process in BNB depreciation 2.1% recorded as.
With the news of the case 18.00 CET with 19.00 CET among BNB, While depreciating 7.76% futures position volume 315 million again in the same hour after falling to $ 333 million up to the level rose.
It is mind-blowing that the sales volumes have increased so much before the news of the lawsuit. insider trading brought the possibility. However, at this point any evidence or investigation does not exist.
BNB since the news of the case, according to Coinalyze data 20% of on open position volume while depreciating also 300 million fell to dollar levels. BNB as of writing $237.8 from the level is being traded.