$BNB currently BNB has dropped sharply to $550, the largest drop in 24 hours exceeds 9%, the Williams indicator has continuously issued oversold signals, and the on-chain transaction volume has increased to $2.1 billion, coexisting panic selling and signs of accumulation by the large players.

From a technical standpoint, the $560 level has formed a multi-period support band, if it holds at this position throughout the day, consolidation phase is expected to begin.

The central logic of support lies in:

1) The fundamentals of the Binance ecosystem have not changed, the quarterly burn mechanism (currently 100 million coins, deflation rate of 2.32%) continues to pressure the supply.

2) BNB Chain has launched a themed AI hackathon, the construction of the opBNB ecosystem is accelerating, providing Gas needs on-chain.

3) The ratio of major trading pairs USDT/FDUSD remains above 26%, liquidity has not shown a collapse in withdrawals.