$BNB boom! The trillion-level giant ranked fourth globally by market value—its historical peak was just about a year ago. Now its price is only living at half of that level. The top of this valuation cycle has been set in stone. This is a trillion-dollar heavyweight with full circulation and no suspense—if you want it to hit a new high again, you’d have to pour in massive incremental capital, but the little room for upside imagination has long been deflated by its market cap. On the contract side, the long-to-short ratio has been pushed to below half; the buyers’ volume shrank by more than half within a few hours, and the fuel for late buyers is running out of supply.