Binance Coin near $1,000 despite market decline
9:20 ▪ 5 min read
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While the crypto market struggles to maintain stability, BNB stands out as the exception of the moment. The native token of the Binance platform is approaching $1,000, driven by strong technical indicators and renewed investor interest. This advance contrasts with the overall sector decline and could mark a turning point for the asset.
In summary
BNB challenges the market's downward trend and approaches its all-time high of $899.
HODL Waves data reveals massive accumulation by medium- and long-term investors.
BNB's annual performance exceeds 50%, supported by favorable technical dynamics.
The $1,000 target becomes credible, with an initial technical threshold identified at $1,038.
The strategic accumulation of investors
Many companies like BNC are increasingly investing in BNB. Thus, for several weeks, the behavior of BNB holders leaves little room for doubt: confidence is there. According to HODL Waves data, an indicator that measures the supply proportion based on holding time, several cohorts have significantly increased their positions between July 24 and August 23.
Portfolios holding BNB for one to two years increased from 6.55% to 7.52% of the total in circulation. Holders of three to six months saw their share rise from 1.62% to 7.30%, while those who have held their tokens for one to three months progressed slightly from 2.29% to 2.306%.
These figures reflect a very precise dynamic: investors prefer to enter the market during a bullish phase rather than wait for a decline.
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