After declining roughly
↘1.7%
over the past week, BNT rebounded approximately
↗3%
in the past day with trading activity jumping
↗63%
, outpacing Layer 2 peers.
Short-term bounce after weekly decline
BNT showed mixed signals as the weekly
↘1.7%
decline reversed with a
↗3%
daily gain, outperforming the Layer 2 category by around
↗4%
over the same period.
Concentrated trading activity emerges
Trading volume surged roughly
↗63%
in the past day even as the number of active traders declined approximately
↘12.5%
, suggesting larger participants are driving the recent moves.
Position holders getting paid to wait
The cost to hold long positions turned negative at roughly
↘7.4%
annually, meaning traders holding bullish bets are actually receiving payments rather than paying them.