Here’s the latest on $BNB as of today, July 11, 2025:

📈 Price & Market Overview

Current Price: ~$696 (±0.03%)

24‑Hour Range: $668–$695

Trend: Up ~3% in the last day and ~5% in the past week on many exchanges

🔥 Key Drivers & On‑Chain Events

1. Quarterly Token Burn

Binance completed its 32nd quarterly burn on July 10, eliminating $1.02 billion worth), reducing the circulating supply to ~139.3 million.

2. Supply Deflation

With supply dropping to ~139.28M and token burns surpassing 60M since inception, BNB maintains its long‑term deflationary model.

3. Price Action

Post‑burn surge: $BNB rebounded to +1.8%).

4. Institutional Interest & Treasury Strategy

Developments like YZi Labs and Changpeng Zhao supporting a U.S. BNB treasury firm (via 10X Capital) and private note placements from Nano Labs indicate growing institutional use.

🔮 What to Watch Next

Factor Potential Impact

Quarterly candle close near resistance (~$673.4)** Breaking out may drive BNB toward $700+

Technical patterns A break above $675–$690 range could trigger another leg higher; else a pullback to $665 is possible

Policy & macro events U.S. crypto tax talks (July 16) could influence sentiment

Institutional buildup If treasury programs scale up, demand/supply may tilt bullish

💡 Summary

$BNB is riding strong today, boosted by its latest burn and a supply squeeze. Price sits around ~$695, hovering near key resistance levels. Institutional moves and treasury interest could further underpin momentum. Watch the ~$673 weekly close and the $675–$690 breakout zone next.

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