BNB Supply Reduction and Market Structure
The latest quarterly burn removed about 1.5M $BNB from circulation, continuing the gradual reduction in total supply toward the long-term target.
At the same time, price is consolidating around the $600–620 range with this zone acting as support in recent sessions.
If that support holds, higher resistance levels may come into focus, while a break below would shift the short-term outlook.
Overall, it’s a combination of ongoing supply reduction and range-bound price behavior.