$BNB 695.97, down 2.20% in a day, $ETH down 6.66%. The truly counterintuitive part isn’t the drop itself—it’s that over seven days, it fell more than ETH.
Over seven days, it dropped from 745.33 to 695.97, down 6.62%, while ETH fell just 4.57%, from 2335.68 to 2229.01. Yet today, on the market’s steepest down day, it fell by only a third as much as ETH, stubbornly holding above its support level.
The ratio makes it even clearer. The BNB/ETH exchange rate fell from 0.3191 on 10-30 to 0.3063 last night.
Today it rebounded to 0.3122: down 2.2% net over seven days, but recovering 1.9% in a single day.
Binance saw net outflows of $5.593 billion over the past seven days, with another $634 million leaving in the last 24 hours. Money is still flowing out, but the price had already fallen ahead of it.
If it holds above 712.90, watch 722.54; if it breaks below 677.76, watch 660. If you’re holding, keep an eye on the 677 level and don’t chase the rally.
Exchange tokens are simply the easiest to sell, so they’re the first to get dumped. Are you still holding BNB?
Data: Binance fapi klines 4h / ticker, DefiLlama /cexs, 21:05 UTC+8
https://api.llama.fi/cexs
Over seven days, it dropped from 745.33 to 695.97, down 6.62%, while ETH fell just 4.57%, from 2335.68 to 2229.01. Yet today, on the market’s steepest down day, it fell by only a third as much as ETH, stubbornly holding above its support level.
The ratio makes it even clearer. The BNB/ETH exchange rate fell from 0.3191 on 10-30 to 0.3063 last night.
Today it rebounded to 0.3122: down 2.2% net over seven days, but recovering 1.9% in a single day.
Binance saw net outflows of $5.593 billion over the past seven days, with another $634 million leaving in the last 24 hours. Money is still flowing out, but the price had already fallen ahead of it.
If it holds above 712.90, watch 722.54; if it breaks below 677.76, watch 660. If you’re holding, keep an eye on the 677 level and don’t chase the rally.
Exchange tokens are simply the easiest to sell, so they’re the first to get dumped. Are you still holding BNB?
Data: Binance fapi klines 4h / ticker, DefiLlama /cexs, 21:05 UTC+8
https://api.llama.fi/cexs
