Do you know that at this time on Binance you are getting a tremendous 35% APR profit on HIVE staking? This is a great opportunity for all those HIVE users who are currently holding liquid HIVE on Binance and are waiting for a suitable price to sell again. Until then you can keep it in Flexible Earn and continue earning 35.09% on HIVE.
This APR percentage varies depending on different situations. Whenever HIVE becomes bullish or HIVE makes an unexpected movement then its APR moves a lot.
Especially after any bullish momentum the HIVE APR increases. And the main reason for this is that more and more people become interested in this coin and it continues to pump.
People invest in HIVE and keep it staked so that its price does not drop further and there are some other special reasons as well.
At this time if you look at Binance you will see that you are getting an excellent flexible 35.09% APR. This is a great opportunity for liquid HIVE holders to keep their amount in Flexible Earn and earn a good APR.
Normally if I talk about HIVE APR on Binance it stays around 8 to 12 percent. It depends on the market situations. But when an unexpected move comes it can reach 35 percent. Even I have seen it at 44 percent and I have also taken very good benefit from it by putting my amount into staking.
If the momentum remains bullish in the same way then this APR will remain for a long time. But if this bullish movement fades quickly then this APR also starts decreasing. Anyway this is not fixed. It keeps moving.
Apart from this you may have also seen funding and high funding on Binance. Yesterday when it was very bullish the funding had come around -1 percent and now recently it is around -0.589 percent.
This means that all the short traders are paying the long traders. This is extremely high funding. It shows that currently there is extreme selling pressure in HIVE.
And to protect it all the short sellers will continue giving an amount to the long buyers through funding so that the difference between funding and spot becomes equal and the price difference between funding and spot remains the same.
And often I personally estimate whether the trend is positive or negative just from the funding fees. If it becomes clear that shorts are paying longs then it creates a bearish trend environment. And if longs are paying shorts then it shows bullish momentum.
So right now there is extreme selling pressure on HIVE. To stop this, the shorts are paying the longs. And those holders who have HIVE in spot are getting 35.09 percent profit through Flexible Earn so that they hold their amount and do not sell it, so that the selling pressure can decrease.
And one more news is that recently HIVE has now become included in the top 10 losers. It has fallen more than around 20 percent in price since yesterday and it is included among the top losers.
Now all those investors who have liquid HIVE on Binance can take full advantage of this excellent opportunity.
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