Currently, BNB has sharply dropped to $550, with a maximum decline of over 9% in 24 hours. The Williams indicator has continuously issued oversold signals, and on-chain trading volume has surged to $2.1 billion, indicating both panic selling and signs of accumulation by main players. From a technical perspective, a multi-period support zone has formed around the $560 level; if this position holds throughout the day, it is expected to enter a consolidation phase for a bottom formation.

Core logic support lies in:

1) The fundamentals of the Binance ecosystem remain unchanged, with the quarterly burn mechanism (currently 100 million tokens, deflation rate 2.32%) continuing to pressure the supply side;

2) The BNB Chain has opened an AI-themed hackathon, accelerating the construction of the opBNB ecosystem, empowering the on-chain gas fee necessity;

3) The main trading pairs USDT/FDUSD maintain a share of over 26%, and liquidity has not shown signs of a collapse.