Binance Futures Volume Drops: Red Flag for Bitcoin?

Despite growing expectations for a US interest rate cut, Bitcoin has failed to achieve any meaningful price increase. Instead, there was a noticeable decrease in futures trading volume on Binance Futures, which analysts regard as a potential “red flag. ” In a report published on Monday, CryptoQuant analyst Mignolet argued that a significant drop in futures volume is a concerning sign. A Change in Market Behavior He explained that throughout the current bull run, bullish divergence in the market buy/sell ratio on Binance’s futures market has often indicated that the price was bottoming out or consolidating source: https://beincrypto.com/binance-futures-volume-drops-red-flag-for-bitcoin/