【BounceBit (BB) Latest Weekly Review | Data, Unlocking, Key Support Levels】

$BB Will it take off?

Price Performance: BB fell 2.9% this week, dropping from $0.12997 to $0.12615, with trading volume shrinking by 39% to $13.35 million. Key support levels are in the $0.115-0.120 range, resistance levels are $0.130-0.133. The technical outlook shows a consolidation phase, awaiting a directional choice.

Supply Dynamics: On August 13, 49.04 million BB tokens were unlocked (approximately $4.66 million), while a buyback plan for 8.87 million BB was initiated, resulting in a net supply increase of approximately 9%.

1⃣ Impact of the Buyback Plan

First Week Buyback: 8.87 million BB tokens

Source of Funds: Annualized protocol income of approximately $16 million

Net Supply Increase: Approximately 40.17 million BB (+9.0%)

Long-term Buffer: Buybacks can offset about 18% of monthly unlocks

2⃣ Technical Indicator Status

RSI: Dropped from 70 to 51, losing upward momentum but not oversold

MACD: Turned negative on August 14, currently flat showing hesitation

Moving Averages: Price is below the 25-day line ($0.1233) and 50-day line ($0.1300)

Bollinger Bands: Expanded on the 13th and narrowed over the weekend, coupled with shrinking volume

3⃣ On-chain Data Insights

Trading Activity

Ethereum DEX: Net inflow of approximately $5,300 over the week, with the largest single-day buy order being only $2,700

BSC: No significant BB trading activity, PancakeSwap lacks liquidity

Cross-chain Bridge: Main direction is outflow from Ethereum to CEX

4️⃣ Core Narrative of the Week

-BB Prime Institutional Product Launch

In collaboration with Franklin Templeton

Integration of BENJI tokenized U.S. Treasury fund

Offering daily redemptions and bank-grade custody

-TradFi Cooperation Milestone

Co-hosted Space with Franklin Templeton on August 11

Marks the establishment of a bridge between CeDeFi and RWA

⑤ Key Monitoring Points

$0.115-0.120: Key support range, a loss will test $0.110

$0.130-0.133: Important resistance, a breakout opens up $0.145 space

Volume: Must be confirmed with increased volume for a valid breakout

Futures Positions: 24-hour OI increased by 22%, pay attention to funding rate changes

Binance Square【Creator Task Platform】

Completed the 7️⃣th phase of activities

Unlock $150,000 of $BB rewards

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