Binance Coin Slides on Profit-Taking, Defensive Rotation

Binance coin (BNB) slid by 0.89% over the last 24 hours to $624.39 as cryptocurrency investors’ sentiment continues to deteriorate amid geopolitical uncertainties, expectations, and technical positions.

With its negative price movement, BNB underperforms flat Bitcoin, primarily due to a lack of buying interest and defensive rotation away from altcoins.

BNB’s 24-hour trading volume fell 30.47% to $1.12B, signalling weak conviction. Concurrently, the Altcoin Season Index dropped 11.11% to 32, indicating capital is not rotating into altcoins but staying defensive....

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