$BNB closed at $682.42, down 2.42%.
On a day when $ETH fell 5.73%, XRP fell 5.60% and SOL fell 2.87%, that is a relative strength reading worth noting.
$BTC, the benchmark, fell 2.19%. So $BNB gave back about 0.23 percentage points more than Bitcoin, while the broader market was down far more. $ETH gave back 3.54 points more than Bitcoin.
Volume context: $BNB $91M on Binance spot, and roughly $800M of open interest on the perp.
Relative strength does not mean it is going up. It means that in a day when capital was rotating to the deepest and most liquid assets, $BNB was not the place capital abandoned first.
That is a useful filter when you are screening a long list of names on a red day. #BNB #Binance #Crypto
On a day when $ETH fell 5.73%, XRP fell 5.60% and SOL fell 2.87%, that is a relative strength reading worth noting.
$BTC, the benchmark, fell 2.19%. So $BNB gave back about 0.23 percentage points more than Bitcoin, while the broader market was down far more. $ETH gave back 3.54 points more than Bitcoin.
Volume context: $BNB $91M on Binance spot, and roughly $800M of open interest on the perp.
Relative strength does not mean it is going up. It means that in a day when capital was rotating to the deepest and most liquid assets, $BNB was not the place capital abandoned first.
That is a useful filter when you are screening a long list of names on a red day. #BNB #Binance #Crypto