Binance Coin (BNB) Funding Rate Surge Suggests Upcoming Price Movement

The Funding Rate reflects sentiment in the derivatives market. Oftentimes, it gives hints about shifting market moves, with Binance Coin (BNB) becoming the latest cryptocurrency to experience a spike. As a key indicator of traders’ positions, the Funding Rate for BNB jumped to 0.013% on July 3. While the reasons behind this deviation remain unclear, here’s how it can impact the... source: https://beincrypto.com/binance-coin-bnb-funding-rate-spikes-price-impact/