Binance is driving strong momentum with recent launches boosting BNB’s utility and demand. The Binance Launchpool has introduced Space and Time (SXT), allowing users to stake stablecoins like USDC and FDUSD to earn new tokens, increasing activity on the Binance ecosystem. Additionally, Binance Wallet is launching an exclusive Token Generation Event (TGE) subscription for MYX Finance, further expanding BNB’s use cases.
Based on the current long/short data for BNB, there is a moderately bullish sentiment among traders. The 24-hour long/short ratio is close to balanced at 1.03, but the long/short ratio by accounts is notably higher on Binance (1.73) and OKX (1.44), indicating more traders favor long positions. Top traders also lean long by account ratio (1.54), though their position ratio is slightly below 1 (0.93), suggesting some caution.
