$BNB shorts volume surges massively as traders are either getting ready for another FUD round or hedging their positions ahead of the $EDU launchpad
As investors try to protect their positions and mitigate potential risks associated with the EDU launchpad event, they may be turning to shorting BNB as a hedging strategy. This could explain the sudden surge in short orders on the Binance platform, even in the absence of any negative news or developments related to BNB or the exchange.
While it is difficult to predict the exact impact of this increase in short interest on BNB's price, it is essential to keep a close eye on the market and any relevant news that could influence investor sentiment. As short interest continues to grow, the potential for another FUD wave cannot be ruled out, especially if theAt press time, BNB is trading at $320 and has not really shown any exceptionally bad performance, despite shorting volume breaking all local highs.
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