[Observing the old chives]
$BNB Now we’re at another relatively critical point. The price has regained above $780, and the high has already touched $791.
And the market is already pricing in something in advance: the 37th BNB quarterly burn is coming soon.
In the previous round, the 36th burn in July, about 1.62 million BNB were burned at once. Based on the price at the time, that was close to $932 million. As for how much will ultimately be burned this time, there is no official figure yet.
But one thing is very clear:
BNB’s total supply is still steadily declining. The question is, the burn itself doesn’t automatically mean an immediate rise.
The real pressure is now around $800.
If capital can push BNB directly past $800, the market will likely start trading the next stretch.
But if it keeps failing to break through, the so-called “burn expectation” can easily turn into profit-taking.
Entry: $770–$785
Take profit: $800 / $825 / $850 / $880 / $920
Stop loss: $752
The bullish news is known to everyone, but the price still hasn’t truly broken out.
$BNB Now we’re at another relatively critical point. The price has regained above $780, and the high has already touched $791.
And the market is already pricing in something in advance: the 37th BNB quarterly burn is coming soon.
In the previous round, the 36th burn in July, about 1.62 million BNB were burned at once. Based on the price at the time, that was close to $932 million. As for how much will ultimately be burned this time, there is no official figure yet.
But one thing is very clear:
BNB’s total supply is still steadily declining. The question is, the burn itself doesn’t automatically mean an immediate rise.
The real pressure is now around $800.
If capital can push BNB directly past $800, the market will likely start trading the next stretch.
But if it keeps failing to break through, the so-called “burn expectation” can easily turn into profit-taking.
Entry: $770–$785
Take profit: $800 / $825 / $850 / $880 / $920
Stop loss: $752
The bullish news is known to everyone, but the price still hasn’t truly broken out.