Analysis: BSC prediction market suffers heavy losses, with daily trading volume and open interest dropping significantly
PANews reported on March 3 that researcher defioasis.eth analyzed on the X platform that the BSC prediction market suffered a major setback: daily trading volume dropped by nearly 60%, falling from over $94 millions on March 1 to $38.3 millions on March 2. Among them, Probable experienced the largest decline, dropping from $58.8 millions to $10.02 millions. In addition, there has been a continuous large net outflow in positions: over the past three days, the total net outflow of positions exceeded $94.6 millions, with Opinion seeing the largest net outflow of more than $86.5 millions. The overall position level of the BSC prediction market has decreased to just above $57 millions, with Opinion accounting for about 70% of the share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Subscription multiplier reaches 4 times! "AI Ring" Oura IPO receives enthusiastic response
Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
The Bank of Japan's interest rate hike still fails to impress the market! Hedge funds slash yen long positions by nearly 80%, while dollar long positions increase significantly
After the Bank of Japan failed to deliver a clear enough signal of further interest rate hikes to the market, hedge funds have significantly reduced their bullish bets on the yen.
US Treasury yields continue to rise! Cleveland Federal Reserve President: Government and AI compete for funds, fueling rate hike expectations
Cleveland Federal Reserve President Loretta Mester stated on Friday that the recent sustained rise in long-term U.S. Treasury yields is the result of multiple factors working together.
Crypto prices
More
