BNB Chain Whales Betting on Bitcoin Outperformance with Clever Strategy

According to on-chain analytics firm Spot On Chain, large BNB Chain whales seem to be executing a strategy involving longing Bitcoin while shorting native token BNB. In the first maneuver, three whales accumulated around 144 Bitcoin BEP2 worth $3.92 million from Binance at $27,389. They then lent the bitcoin to Venus Protocol in order to