Cryptocurrency exchange Binance’s native cryptocurrency BNB (BNB) has dropped to $57 against USD Coin (USDC) in a short time.
on Binance BNB/USDC The sudden and deep decline in the parity drew attention. 10 June at 10:00 CEST As a result of the price movement in the waters of Binance Coin, 75% depreciating $236 from the level for $57 as much as it declined. After this decrease, the price continued at the same pace. 235 dollars back in the band.
There was great selling pressure in many altcoins during the hours in question. However, according to market analysts, behind this sudden decline low volume in parity specific lies. Especially in such parities, where the buying and selling volumes are weak, a heavy transaction of a single user can be found at the price. to serious fluctuations. can cause. The sudden drop futures trading Investors’ positions are in such declines, as it is not realized above the parity. liquidation It isn’t happening.
Within 24 hours, according to CoinGecko data 5.1% declining BNB, at the time of writing from $225 is being traded.
