I was refering to the the Dow Jones having 5 down days, and its effect on BNB. I strongly believe thats why over 1 million shares in BNB changed hands on the close today for the fact that many beleive the Dow will rally tonight.
Why?
Just because it can, surely after 5 red days the Dow has to rally at some point, as the odds of a rally increase day by day.
As I said early today, each interest rate cut makes term deposit rates drop, making them less attractive. Investors look elsewhere to make money, hence the return to the stock market. BNB will profit from this!
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