BNB Token Faces 8.61% Drop as Technical Traders Drive Volatility Amid Active Trading
BNBUSDT has experienced significant volatility in the past 24 hours, with the price dropping from a 24h open of 903.29 USDT to 825.56 USDT, reflecting an 8.61% decline. The primary drivers of this price decrease appear to be short-term bearish sentiment from technical traders, with BNB consistently trading below key exponential moving averages and breaking through several support levels, as noted by analysts on Binance Square. The bearish pressure was reinforced by rapid intraday declines, with traders highlighting the potential for further downside if certain technical thresholds were breached. While new use cases for BNB, such as Binance Pay's expansion and the listing of additional trading pairs in Thailand, have been announced, these developments have not yet counteracted the prevailing negative sentiment driven by market technicals and recent price action.
Currently, BNBUSDT trades at 825.56 with a notable 24-hour trading volume, positioning it among the most actively traded cryptocurrencies, though recent movements have seen the asset underperform with a sharp decline and heightened volatility.
📊 Spot ETFs and liquidations on futures
💰 During yesterday's trading session, spot Bitcoin ETFs turned red. Outflows amounted to more than $903 million. The day before, a small amount of inflows ($75.47 million) was recorded, which interrupted five days of red.
{future}(BTCUSDT)
💰The market has been "red" for eight days straight. During yesterday's trading session, spot Ethereum ETFs lost over $261 million. The day before, outflows amounted to $37.35 million.
📉 In addition, according to data from Coinglass , over the past 24 hours, the futures positions of more than 397,000 traders have been liquidated. The total volume of orders that went under the knife amounted to more than $1.93 billion, of which $1.79 billion were longs and $137.11 million were shorts. The largest position was liquidated on the Hyperliquid exchange on the BTC-USD pair worth $36.78 million. 👀
$BTC just cleared a $5.87K short liquidation at 83,862, and buyers stepped in with real strength. The bounce shows momentum shifting back in their favor, and if this pressure holds, another push to the upside is likely.
Entry: 83,600 – 83,900
Target 1: 84,500
Target 2: 85,300
Target 3: 86,200
Stop-Loss: 82,950
Trade it with patience. Keep the risk controlled and let the chart work in your favor as momentum continues to build.
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Hey Square Fam 💕👀
Just checked Virtuals Protocol ($VIRTUAL )....you quoted 0.9248, but the current price is around $1.9248 USD.
At this level, I’m leaning toward a long-term hold....the project’s got real potential, especially with its AI + virtual agent use case. But it’s not a “go all-in blind” moment for me; I’d hold some, stay ready, and add more if it breaks out with conviction.
$TURTLE /USDT LONG SIGNAL
TURTLE/USDT ne apna support area achhe se hold kiya hai, aur chart par buyers clearly active dikh rahe hain. Price neeche se stable ho kar dobara upar ki side push kar raha hai, jo ek clean long setup deta hai.
ENTRY: 0.0819
TP: 0.1021
SL: 0.0721
Reason:
Market ne support se strong bounce diya hai, aur jab tak price is level ke upar tikti hai, upar ki move continue ho sakti hai. TP next resistance zone par set hai jahan price pehle reject hua tha.
Risk Management:
SL ka strict follow karein, position size hamesha limited rakhein.
#TURTLE #CryptoSignal #TradingSetup #MarketUpdate #CryptoAnalysis
{future}(TURTLEUSDT)
🩸Hey, are you alive? How are the discounts?
Today, BTC fell to $82,000, Ethereum traded below $2,700, and liquidations exceeded $2 billion.
The CEO of CryptoQuant writes that the bull market is over, as evidenced by on-chain metrics. Now, in theory, Bitcoin should be aiming for a new low in the $56,000 range, but large institutional investors such as MicroStrategy may not let the price fall that low.
{future}(BTCUSDT)
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