📊 BNB Heating Up: Eyeing New Highs Amid Institutional Momentum 🔥
What’s Happening?
BNB closed this week at a record high of $756.82, up 9.4% for the week, and now trades above $760.
Futures Open Interest hit a yearly peak of $1.05B, signaling strong new capital flowing in.
The ecosystem continues its deflationary burn—1.77M BNB removed in the 29th quarterly burn and gas-fee auto-burns ongoing to drive scarcity.
Why It Matters:
Record highs backed by rising futures interest and declining supply hint at sustained bullish momentum. BNB's structural scarcity, driven by burns, boosts its long-term value narrative.
Watch Next:
Sustain above $760? Holding that level could clear the path toward the $793 all-time high.
A dip below $740 may signal short-term consolidation before the next move.
👇 Are you riding BNB’s momentum or waiting for a retest before jumping in?
