Binance Contract Trading Don Fully Restore After UM Wahala
For August 29, Binance tell say their contract trading service don fully start again after dem fix the gbege wey affect the USDT-margined (UM) futures. All the contract trading operations for Binance dey work normal now. The wahala cause futures order placements to stop small and e affect leveraged positions. Dem dey expect say Binance contract market go balance as traders begin come back. This solution don bring confidence back for the exchange derivatives platform. Traders fit now dey open and close futures positions freely. The quick fix wey Binance do show say dem serious about keeping platform steady and market stable.
Neutral
Di full restoration of Binance contract trading no dey biased for market sentiment. When service dey down before, e don cause short-term wahala for market, like as e happen before when Binance service go down, futures spread widen and market no get enough liquidity. As dem fix the USDT-margined (UM) issue, e comot wahala for trading, make volume and open interest come back normal. E fit reduce short-term bearish pressure because some positions bin stop, but e no go directly bring new bullish drive. Traders fit dey back to their strategies for derivatives market. Overall, this issue wey dem solve dey help market stand gidigba but no go shake long-term price trend well well.