🚨 $BNB Battles to Hold $690 as $4.72 Billion Leaves Binance — What Traders Are Watching
Big news today (3 Nov, reported 4:28 PM PKT): Binance customers have withdrawn a net $4.72 billion since the exchange reopened on Sunday, up from $3.64 billion on Sunday itself, after the 29 Oct security breach. Fresh attacks are also hitting crypto — Brazil's Mercado Bitcoin lost about $40 million from hot wallets, according to security firm Hypernative.
BNB itself is trading near $701 right now (6:19 PM PKT), down about 0.5% in 24 hours, after dipping to $691.66 earlier today — just above the key $690 line. Binance says it has replenished about 90% of the affected assets, with customer holdings covered through its SAFU fund.
Levels traders are watching: support at $688–$692. A daily close below $690 could speed up selling toward $670–$650, analysts warn. If $692 holds, a recovery toward $706–$713 resistance is possible.
This is a confidence test for the exchange token, not just a price move — watch the withdrawals and the $690 line together.
Do you think BNB holds $690 this week, or slips toward $670?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #BNB
Big news today (3 Nov, reported 4:28 PM PKT): Binance customers have withdrawn a net $4.72 billion since the exchange reopened on Sunday, up from $3.64 billion on Sunday itself, after the 29 Oct security breach. Fresh attacks are also hitting crypto — Brazil's Mercado Bitcoin lost about $40 million from hot wallets, according to security firm Hypernative.
BNB itself is trading near $701 right now (6:19 PM PKT), down about 0.5% in 24 hours, after dipping to $691.66 earlier today — just above the key $690 line. Binance says it has replenished about 90% of the affected assets, with customer holdings covered through its SAFU fund.
Levels traders are watching: support at $688–$692. A daily close below $690 could speed up selling toward $670–$650, analysts warn. If $692 holds, a recovery toward $706–$713 resistance is possible.
This is a confidence test for the exchange token, not just a price move — watch the withdrawals and the $690 line together.
Do you think BNB holds $690 this week, or slips toward $670?
Educational content only, not financial advice.
#BinanceSquare #WriteToEarn #BNB
