The price of Binance Coin, known as BNB, is struggling near the important level of 600 dollars today. For the past six days, the coin has been falling, and traders are confused about what will happen next. Some experts believe the price will go down further, while others think this is a good time to buy. But the biggest question on everyone’s mind is: why did BNB drop below 600 dollars in the first place?
In this article, we will explain today’s and tomorrow’s possible price movements in very simple words. We will also tell you the real reasons behind the recent fall. This article is written especially for readers in Pakistan and India who want easy-to-understand crypto news.
BNB Price Today, What the Charts Are Saying!!!
Right now, BNB is trading between 595 and 610 dollars. This is a very weak position because 600 dollars is a psychological level. When a coin falls below such a big number, many investors get scared and start selling.
Data from CoinGlass, a website that tracks crypto trading, shows that more traders are betting against BNB than supporting it. This is called a low long-to-short ratio. Simply put, more people think the price will fall than rise. Also, the funding rate which is a small fee paid between traders has turned negative. This means short sellers are so confident that they are willing to pay money to keep their positions.
Technical indicators also look weak. The Relative Strength Index, or RSI, is at 24. In plain English, this means the coin is oversold. Usually, when something is oversold, a price bounce can happen. But here the RSI is still going down, which suggests the selling pressure is not over yet.
So for today, experts believe BNB will stay between 595 and 610 dollars. It may try to go up, but the mood is very negative.
BNB Price Tomorrow, Two Possible Roads!!!
Tomorrow’s price will depend on whether BNB can climb back above 605 dollars. If it fails to do so, there is a high chance it will retest the recent low of 570 dollars. That low was seen just last Friday. If BNB closes a full day below 570 dollars, then the next stop could be 550 dollars.
But not everyone is bearish. Some analysts point out that the amount of BNB sitting on exchanges is decreasing. This means people are moving their coins to private wallets or locking them in staking. When supply on exchanges falls, it becomes harder for big sellers to dump large amounts quickly. If BNB manages to close a daily candle above 625 dollars, these analysts say the coin could rally back to 690 or even 700 dollars.
So tomorrow, watch the 605 and 625 levels carefully.
Why Did BNB Fall Below 600 Dollars? Five Simple Reasons
Now let us understand why BNB broke below 600 dollars. This was not because of one single bad news. It happened because of a mix of global and company-specific reasons.
1. Global Money Becoming Expensive
The biggest reason is happening in America. The Federal Reserve, which is like America’s central bank, is keeping interest rates high. When interest rates are high, people earn good money simply by keeping cash in the bank. So they pull money out of risky things like crypto. BNB, being a high-risk coin, gets sold faster than Bitcoin. This is called macro liquidity drain. In simple words, there is less extra money floating around to buy crypto.
2. Binance Made It Harder to Borrow
Binance, the company behind BNB, quietly made some changes to its margin trading rules. From February 13, traders cannot borrow as much money as before using coins like RUNE, COMP, and AR as collateral. When traders cannot borrow, some are forced to sell their holdings to repay loans. This creates selling pressure. Also, Binance removed ten trading pairs like QNT/BTC and ALGO/BTC. Traders who were using those pairs had to close positions, which also pushed prices down.
3. A Small Wallet Maintenance Caused Big Fear
On February 11, Binance scheduled maintenance for Tron (TRC20) wallets. During this time, deposits and withdrawals were stopped for about one hour. TRC20 is very popular for moving stablecoins like USDT. Even a one-hour pause creates problems for big traders who move money between exchanges quickly. In a nervous market, even small friction makes people sell first and ask questions later.
4. New Rules and Old Fears
In the United States, a bill called the CLARITY Act has stalled. This bill was supposed to bring clear rules for crypto. When it stalls, big companies stay away. Also, Hong Kong regulators have made it harder for banks to hold crypto. They increased the risk weight to 1250 percent. This is a technical term, but in simple words, it means banks now have to keep more cash aside if they touch crypto. This discourages banks from entering the market. BNB, being the coin of the world’s largest exchange, is very sensitive to such regulatory news.
5. Leverage and Liquidation
Finally, we cannot ignore the role of leverage. Many retail traders — including many from India and Pakistan — trade BNB with borrowed money. In February alone, billions of dollars in long positions were wiped out. When the price starts falling, it triggers automatic sell orders. These sales push the price down further, which triggers more sell orders. This is called a cascade. BNB has a very high number of small retail traders, so it suffers more during such cascades.
What Should You Watch Now?
The battle for 600 dollars is still on. If you are holding BNB or planning to buy, keep an eye on the 580 dollar level. If BNB breaks below 580 and stays there, the bearish pattern called head and shoulders could complete. In that case, analysts at FXStreet say the price could fall to 520 dollars.
On the other hand, if BNB climbs back above 625 dollars, the immediate danger will pass. Many short sellers will be forced to buy back the coin, which could push the price up quickly.
Final Words
BNB is at a make-or-break point. The fall below 600 dollars was caused by global money tightening, Binance’s own rule changes, small technical issues, regulatory delays, and forced selling of borrowed positions. Tomorrow’s price will tell us whether this is a temporary dip or the start of a deeper correction.
For now, patience is key. Do not rush to buy just because the price looks cheap. Wait for a clear signal like a close above 625 dollars or a strong bounce from 570 dollars. And always remember: in crypto, protecting your capital is more important than chasing profits.
Thankyou and Thanks for your precious time
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