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BNB's recent price movements can be attributed to several factors:
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**Reasons for Recent Decline:**
- **Decreased On-Chain Activity:** A reduction in user engagement and transactions on the BNB Chain has led to diminished demand, contributing to the price drop.
- **Declining Total Value Locked (TVL):** A decrease in TVL on the BNB Chain indicates reduced user participation in decentralized finance (DeFi) applications, negatively impacting BNB's value.
**Reasons for Recent Increase:**
- **Short Liquidations:** A surge in short position liquidations in the futures market has created upward pressure on BNB's price, leading to a recent increase.
- **Token Burns:** Ongoing token burns by Binance reduce the circulating supply of BNB, potentially increasing its value over time.
These factors have collectively influenced BNB's price fluctuations in recent days.
