🚀 BNB Shatters Records Above $881 — Institutional Giants Fuel Historic Rally, Short Sellers Obliterated
#BNBATH880 #FOMCMinutes #MarketPullback
🔶BNB (Binance Coin) has smashed through a historic all-time high of $881, surging over 5% in just 24 hours and leaving the broader crypto market in its shadow.
📈 Key Drivers of the Surge:
Institutional Accumulation: Major funds, including BNB Network Company, scooped up over 325,000 BNB (~$283M), tightening supply as exchange balances plunged from 28.5% to 22.6%.
On-Chain Strength: BNB Chain’s TVL soared past $12–13 billion, the highest since 2022, while active addresses held firm at 14 million+ for nine weeks straight.
Tokenomics & Burns: Binance’s continuous token burns, coupled with ecosystem upgrades like the Maxwell hard fork, boosted throughput and lowered fees — driving daily transactions to nearly 14 million.
⚡ Technical Breakthrough:
BNB broke decisively above $869 resistance, opening the path toward $900–$920.
Momentum remains bullish with MACD signaling strong inflows, though RSI around 57–60 hints at short-term cooling before the next leg up.
🔥 Market Impact:
Short sellers betting against BNB were wiped out in a brutal short squeeze, while institutions cemented their dominance. Compared to Bitcoin’s modest rebound, BNB emerged as the undisputed star — reclaiming the spotlight as one of crypto’s most resilient assets.
