Traders on Binance, the world’s largest cryptocurrency exchange, are becoming increasingly pessimistic, with data from the platform showing that sell orders and user deposits have been steadily rising.

According to CryptoQuant analyst COINDREAM, it means that short-term confidence has fallen following last week’s historic market crash.

Traders on Binance, the world’s largest cryptocurrency exchange, are becoming increasingly pessimistic, with data from the platform showing that sell orders and user deposits have been steadily rising.

According to CryptoQuant analyst COINDREAM, it means that short-term confidence has fallen following last week’s historic market crash.