KORU Drops 22.45% as 88.8% of Binance Global Accounts Were Long

Direxion South Korea Bull 3X Tokenized ETF (KORU) fell 22.45% in a 24-hour snapshot Friday as Binance Futures open interest dropped and Binance global accounts were mostly long.

In the Friday 24-hour snapshot, KORU was at $7.29 after trading between $6.09 and $9.49. It was below its seven-day simple moving average of $9.64, 20-day average of $10.70 and 50-day average of $15.79.

Binance Futures volume reached $2.83 billion over 24 hours, while open interest fell 12.1% to $85.47 million.

At 4 a.m. ET (09:00 UTC), Binance global accounts were 88.8% long and 11.2% short. Top traders were 91.2% long and 8.8% short. Those ratios describe Binance cohorts, not the broader market. The eight-hour funding rate was positive at 0.0217%, meaning traders with long positions paid those with short positions.

KORU’s earlier Thursday snapshot showed a 15.97% decline to $9.42, with open interest up 9.35%.