$BNB Smart money always moves to trigger stops (Stop Losses) in order to accumulate or liquidate large contracts without causing price slippage (Slippage):
Sell-Side Liquidity (SSL): Very high liquidity is concentrated under the $530 – $550 levels. This area has recently seen fast "liquidity sweeps" where the price dropped to trigger automatic sell orders from retail traders, allowing institutions to buy at the cheapest possible price (Discount Price).
Buy-Side Liquidity (BSL): The highest prior peaks, specifically at the $630 level and then $680 – $700. These are the upcoming targets for market makers to liquidate short positions (Short Squeezing).