BTC fell below $83,000, ETH dropped over 4% in a day, but BNB fell just 0.6%—
On a night when the broader market plunged, the Binance ecosystem held up best.
In last night's pullback, over $700 million in liquidations hit the market in 24 hours:
BTC briefly touched $82,776, ETH fell back to around $2,620, and XRP and SOL both dropped 4–5%.
BNB held around $775, down less than 1%—the most resilient among major coins.
Why did it hold up better? Two publicly available data points are worth noting:
① A strong on-chain foundation: BNB Chain has over $13.3 billion in stablecoins and nearly $5 billion in RWA assets;
② The 37th quarterly burn is expected in October (the official date has not been set yet). The previous burn destroyed 1.615 million tokens, worth about $930 million at the time. Around 133 million tokens remain in circulation, with a long-term goal of burning the total supply down to 100 million.
My take: Burns are genuinely deflationary, but “burns ≠ guaranteed gains”—price ultimately depends on demand and liquidity.
Technically, $800–807 is the key level (the September high touched $806.68 but failed to hold). Three possible scenarios:
① A daily close holding above $800–807 → watch $825/$850, then $850–890, with major resistance at $900–920;
② Range-bound movement between $740–800 (currently the most likely scenario);
③ A break below the mid-$700s → $650–680.
A clear risk warning: MACD and momentum indicators still lean bearish, and open interest in BNB futures is over $1 billion. If volatility increases, leveraged positions may be flushed out first.
$BNB
#BNBBurn
Data as of: 2026-10-08 08:00 UTC
Sources: CryptoTimes technical analysis (10-07); Hexn market data (10-08); Giottus market review (10-08); Binance Square @Leandro Fumão (10-04)
For informational purposes only. This is not investment advice.
Do you think BNB can turn $800 into support this time? I’ll keep tracking data like this on the Binance ecosystem, so follow me to stay in the loop~
On a night when the broader market plunged, the Binance ecosystem held up best.
In last night's pullback, over $700 million in liquidations hit the market in 24 hours:
BTC briefly touched $82,776, ETH fell back to around $2,620, and XRP and SOL both dropped 4–5%.
BNB held around $775, down less than 1%—the most resilient among major coins.
Why did it hold up better? Two publicly available data points are worth noting:
① A strong on-chain foundation: BNB Chain has over $13.3 billion in stablecoins and nearly $5 billion in RWA assets;
② The 37th quarterly burn is expected in October (the official date has not been set yet). The previous burn destroyed 1.615 million tokens, worth about $930 million at the time. Around 133 million tokens remain in circulation, with a long-term goal of burning the total supply down to 100 million.
My take: Burns are genuinely deflationary, but “burns ≠ guaranteed gains”—price ultimately depends on demand and liquidity.
Technically, $800–807 is the key level (the September high touched $806.68 but failed to hold). Three possible scenarios:
① A daily close holding above $800–807 → watch $825/$850, then $850–890, with major resistance at $900–920;
② Range-bound movement between $740–800 (currently the most likely scenario);
③ A break below the mid-$700s → $650–680.
A clear risk warning: MACD and momentum indicators still lean bearish, and open interest in BNB futures is over $1 billion. If volatility increases, leveraged positions may be flushed out first.
$BNB
#BNBBurn
Data as of: 2026-10-08 08:00 UTC
Sources: CryptoTimes technical analysis (10-07); Hexn market data (10-08); Giottus market review (10-08); Binance Square @Leandro Fumão (10-04)
For informational purposes only. This is not investment advice.
Do you think BNB can turn $800 into support this time? I’ll keep tracking data like this on the Binance ecosystem, so follow me to stay in the loop~