BNB hits $907 after steady gains and short squeeze-driven futures activity.
$1.67B futures volume shows strong momentum before the next token burn.
Analysts eye higher targets as BNB consolidates near the $900 support level.
Binance Coin — BNB, has delivered a show of strength this week, crossing a new all-time high of $906.12. The milestone capped a series of steady gains, pushing BNB into fresh territory. Traders on Binance accounted for most of the volume behind the surge. Momentum carried the token higher after repeated record-setting sessions in August.
https://twitter.com/binance/status/1966064172627812777 Strong Momentum and Futures Activity
BNB first set fresh highs in mid-August. The price reached $864 on August 14, then advanced to $882 on August 21. Both levels laid the groundwork for the recent breakout to $906.12 on September 10. On Thursday, September 11, the token traded near $900 after a brief pullback. Price moved from $894 to $902.50 before sliding back toward the $900 level. The pattern suggests consolidation as buyers and sellers weigh the next move.
Behind the scenes, derivatives markets showed powerful activity. Coinglass data reported 24-hour futures volume at $1.67 billion, with open interest at $1.65 billion. The imbalance in liquidations highlighted the pressure on short positions. About $1.44 million in shorts were cleared, compared with only $120,680 in longs. Analysts believe this short squeeze added fuel to the rally. The numbers highlight BNB’s growing role as a speculative powerhouse. Heavy trading reflects both retail enthusiasm and institutional interest.
Can BNB Sustain Above $900?
The climb to $906 came with confidence, but consolidation suggests caution. Traders now focus on whether support holds near $900. If buyers defend this level, the path to new highs remains open. Failure, however, could bring a slide back toward the mid-$800 range. Momentum indicators add nuance to the story. Short squeezes can spark rallies, but lasting gains need broader demand.
Liquidity, institutional flow, and sentiment will determine whether BNB extends higher. The upcoming burn stands as a potential catalyst. History shows that burns often align with renewed bullish energy. Reducing supply while futures markets stay active could create a storm of demand. For many, the question is less about whether BNB can rise and more about how fast.
Analysts continue to set bold targets. Some see the token pressing toward $1,000 by year’s end. Others suggest that momentum and deflationary forces could carry prices even further. Traders remain divided, but optimism feels louder than doubt. BNB now sits like a climber resting on a ridge, looking toward the next summit. Each move forward builds tension in the rope, testing whether support can hold. The market breathes between steps, but the path remains upward.
