Analysis: BSC prediction market suffers a major blow, with daily trading volume and open interest significantly declining

PANews March 3 News, researcher defioasis.eth posted an analysis on X platform stating that the BSC prediction market has suffered a heavy blow: daily trading volume dropped nearly 60%. From March 1 to 2, the daily trading volume decreased from over $94 million to $38.3 million, with Probable experiencing the largest decline, falling from $58.8 million to $10.02 million. Additionally, open interest has experienced continuous large net outflows: over the past three days, open interest has seen large net outflows totaling more than $94.6 million, with Opinion experiencing the largest net outflow of over $86.5 million. The overall open interest level in the BSC prediction market has decreased to just above $57 million, with Opinion accounting for about 70%.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Citibank is laying out Bitcoin infrastructure! Aiming to launch institutional-grade custody and cross-asset collateral this year

Citigroup is actively promoting the banking of Bitcoin, planning to launch institutional-grade custody services in 2026 to integrate traditional financial systems. By simplifying technical access and improving capital efficiency, Citigroup aims to reduce operational friction for institutional clients and incorporate digital assets into standardized management, further attracting conservative institutional funds into the crypto market.

CryptoCity2m ago

Whale 0xb5C9 Sells $12M in BTC and ETH to Repay Aave Debt

Gate News bot message, whale address 0xb5C9 sold 67 BTC valued at $4.54 million at $67,693 and 3,809 ETH valued at $7.49 million at $1,967 four hours ago. The proceeds were used to repay debt on Aave.

GateNews3m ago

The whale "pension-usdt.eth" closed their BTC long position for profit and then reversed to short, with a position size of $68.2 million.

On March 4th, the pension-usdt.eth address closed a 3x leveraged BTC long position, earning approximately $346,000. Subsequently, it reversed and went short, holding 1,000 BTC short positions at an average price of $68,182. This address specializes in short-term swing trading and has accumulated over $25.4 million in profits since October of last year.

GateNews11m ago

Bitcoin hits $66,000 and struggles to hold steady; three Federal Reserve officials warn: Iran war makes rate cuts even more distant

Bitcoin once dropped to $66,140 before rebounding to $68,549. The market remains highly uncertain due to the Iran war. Federal Reserve officials warn of increasing inflation risks and suggest potential impacts on future monetary policy. Additionally, rising oil prices have strengthened the dollar, suppressing gold prices and dampening investor confidence.

動區BlockTempo18m ago

SoFiUSD collaborates with Mastercard to become a global settlement stablecoin

SoFi Technologies expands its partnership with Mastercard to include its fully reserve USD stablecoin SoFiUSD as a global payment settlement currency. This collaboration aims to integrate SoFiUSD into traditional financial settlement systems and support real-time transactions and cross-border transfers, further promoting the use of stablecoins in the financial market.

MarketWhisper22m ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)