Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/binance-achieves-record-open-positions-in-crypto-derivatives/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Achieves Record Open Positions in Crypto Derivatives</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/binance-announces-new-trading-options-for-cryptocurrencies/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the cryptocurrency exchange, has broken a new record in open positions, surpassing $8.3 billion in crypto derivatives. This surge correlates with a sharp rise in Bitcoin prices, which reached historic heights following Donald Trump’s victory in the US presidential elections.</p>
<h2 style="text-align: justify" id="volume-increases">Volume Increases</h2>
<p style="text-align: justify">According to CryptoQuant data, open positions in Binance’s crypto derivatives increased by 10.24% within 24 hours, reaching $8.3 billion. This figure represents a 35% share of Binance’s global crypto futures open positions.</p>
<p style="text-align: justify">Bitcoin’s new all-time high of $76,000 led to liquidations of open positions on major exchanges. Liquidated short positions exceeded $370 million, with total liquidation volume approaching $580 million.</p>
<h2 style="text-align: justify" id="bnb-price-predictions">BNB Price Predictions</h2>
<p style="text-align: justify">The record levels of open positions on Binance indicate potential for rising <a href="https://en.coin-turk.com/the-future-of-bnb-coin-market-volatility-and-price-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BNB</a> prices. The recent “cup and handle” formation observed in BNB charts might signal an upward breakout. Analysts suggest that $700 is a crucial resistance point for BNB, which could be surpassed if the current trend continues.</p>
<p style="text-align: justify">In the last 24 hours, the BNB price increased by 4.6%, reaching $588. Trading volume rose by 46.55% to $2.26 billion, and BNB’s market capitalization exceeded $84.12 billion.</p>
<p style="text-align: justify">These developments signify Binance’s growing influence in the market, reflecting increased activity in the overall cryptocurrency space. As of the article’s preparation, Bitcoin prices surged to $76,400, pushing the all-time record even higher. With Trump’s election, BTC, previously constrained, may soon approach the $80,000 threshold.</p>
<p style="text-align: justify">In conclusion, the record rise in Binance’s open positions could positively impact both BNB prices and the broader <a href="https://en.coin-turk.com/bitget-introduces-new-security-and-key-management-feature-what-is-the-mpc-wallet/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. Traders should closely monitor emerging trends as Binance expands its market share.</p>
<p>The post <a href="https://en.coin-turk.com/binance-achieves-record-open-positions-in-crypto-derivatives/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Achieves Record Open Positions in Crypto Derivatives</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Binance Achieves Record Open Positions in Crypto Derivatives

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