BNB Warning: 75% Sell Pressure — Supply in Control
$BNB trading ~634.85
Order book skewed: 75% sell vs 24% bid
That’s not neutral.
That’s overhead supply dominating
What it shows:
• Sellers stacked at 646
• Every push → upper wick rejection
• Volume (~105k BNB) not enough for breakout
Key levels:
• Support: 630
• Breakdown → 616 liquidity zone
• Flip level: 650 clean close
Execution insight:
Until supply clears, rallies are fade opportunities
Only a strong reclaim above 650 shifts momentum
Verdict:
Supply > demand
Stay cautious until structure flips