After the TST pullback, many investors began to turn their attention to BNBCHAIN in search of new Beta opportunities.
As a result, BNX has entered everyone's sights, particularly due to its market cap inversion characteristic, which has sparked a wave of interest.
However, after the market's focus shifted to BNX, many people also started to directly increase their positions in BNB. The question is, with BTC's trends declining, does this mean everyone is exchanging BTC for BNX?
Behind this practice, there may be two logics.
The first is a favorable view on BNX's potential on BNBCHAIN, believing that BNX, currently in a market downturn, may have a higher appreciation potential; the second is choosing to hedge by converting BTC to BNX during BTC's pullback, aiming to find more promising targets in an unfavorable market environment.
In general, this kind of operation may be a strategy for investors to diversify risk against market uncertainty, especially in the context of BTC's decline, seeking more potential profit opportunities.
