Binance spot trading volume remains elevated, while trading activity on a certain exchange is cooling down. After the news broke, I looked at capital flows first, then at the price.
Another piece of bullish news has arrived, but whether the trend has changed is still for the market structure to decide. No matter how much buzz the news creates, if large orders don’t follow through, it’s just a brief burst of sentiment.
$BNB is currently at 722.59.