Binance Coin (BNB) is currently navigating a challenging trading environment. Despite maintaining its position above $600, it struggles to gain upward momentum. This lack of movement is influenced by the current low volatility in the market.
In addition to low volatility, stagnant open interest is also contributing to this situation. Open interest, which measures the total number of outstanding derivatives contracts, has remained unchanged, indicating a lack of new market sentiment.
These market conditions represent a significant hurdle for Binance Coin as traders await more decisive factors that could influence its next move.
