$BNB This wave has me genuinely getting more and more FOMO.
Itโs not because itโs up by how muchโit's because these numbers put together are just too interesting.
Binance:
24H net inflow +378 million
7D +1.394 billion
30D +4.259 billion USD
This shows the money is still continuously flowing into the platform.
Now look at BNB:
OI fell from 646k to 622k, nearly -4%, but the price is still holding around 800.
The leverage got washed out, yet the price hasnโt dropped much. I actually like this kind of structure more.
Funding rate is about 0.0097%, not overheated;
Big holdersโ long/short ratio is 1.75โstill skewed long;
In 1 hour, the active buy/sell ratio is 1.17, and the buy orders are back again.
So my conclusion is very straightforward:
Binance is pulling in capital,
BNB is deleveraging at high levels,
and the funds havenโt clearly withdrawn yet.
As long as it stays above 790, Iโll keep looking for longs;
If it breaks above 808, then watch for 820โ830.
What Iโm afraid of isnโt a drop.
Itโs that by the time everyone reacts, this 800 level wonโt be offered anymore.
#bnb