The world’s largest exchange is showing strength again, and its native token benefits.
Key Takeaways
Содержание статьи:
Why did BNB’s price surge?
Binance’s rising dominance in stablecoin reserves, stronger buyer momentum, and growing ties with institutional finance caused the price jump.
What’s next for BNB?
BNB could retest $1,350-$1,400 if buying pressure holds, but a short-term pullback is possible.
Binance Coin [BNB] is back in the spotlight.
The token just shot up to $1,300 – its biggest move in years. A lot of it comes down to Binance’s growing grip on the stablecoin market and its new efforts to court big institutional players.
With trading activity slowly drifting away from U.S. platforms, the exchange seems to be growing into a bigger global role.
Binance dominates BTC trading
According to new data from Arab Chain on CryptoQuant, Binance has taken a clear lead in Bitcoin trading activity.
While Bitcoin’s [BTC] price climbed past $124,000 in early October, Binance’s trading volume hit around $2.45 billion a day – more than double Coinbase’s $945 million.
Source: CryptoQuant
Global traders are driving momentum, even as both exchanges see Bitcoin reserves decline. On Coinbase, falling reserves show long-term holding by institutions.
On Binance, the drop pointed to active trading and quick withdrawals to private wallets.
Liquidity makes a strong comeback
Native token BNB’s recent rally was backed by real liquidity returning to Binance.
Source: CryptoQuant
Data from CryptoQuant showed that Binance’s Share of Total Stablecoin Reserves surged close to 70%, its highest point in years.
That meant more buying power was sitting on Binance compared to other exchanges, which often supports stronger price moves.
Source: CryptoQuant
At the same time, the 90-day Spot Taker CVD for BNB has turned positive; buyers have taken control of the market.
Signs of cooling, but the trend is strong
After a steep climb to $1,314, BNB’s daily chart showed the first signs of slowing momentum at press time.
The RSI was hovering around 78, placing BNB in overbought territory, a zone where short-term pullbacks often occur. However, the CMF was positive at 0.24, which means capital is still flowing into the market.
Source: TradingView
If buying pressure stays steady, BNB could retest the $1,350-$1,400 zone in the near term. But if RSI cools and CMF weakens, a brief correction toward $1,200 may follow before any new breakout attempt.
Next: Jupiter partners with Ethena to launch JupUSD stablecoin on Solana
Source
