So $BNB has not confirmed the breakout. Leverage kept building anyway.
$BNB is near $783 after failing to clear the roughly $792 intraday high. Its 24-hour gain has cooled to about 1.9%, while #Binance perpetual open interest is up roughly 5.4% and funding remains positive near +0.015% per eight hours.
That does not make the move bearish by itself. It does make the next test less forgiving. Reclaiming $792 while #OI stabilizes would improve the setup.
Staying capped while OI keeps rising would mean more late longs are entering without price confirmation, exactly the structure that can turn a normal pullback into a sharper flush.
$BNB is near $783 after failing to clear the roughly $792 intraday high. Its 24-hour gain has cooled to about 1.9%, while #Binance perpetual open interest is up roughly 5.4% and funding remains positive near +0.015% per eight hours.
That does not make the move bearish by itself. It does make the next test less forgiving. Reclaiming $792 while #OI stabilizes would improve the setup.
Staying capped while OI keeps rising would mean more late longs are entering without price confirmation, exactly the structure that can turn a normal pullback into a sharper flush.
