#BNB走势
On May 5th, the asset management company VanEck officially submitted an application for a BNB spot ETF, triggering a strong market response. Within two hours of the announcement, the price of BNB rose by 7.2% from $580.45 to $622.18, and the 24-hour trading volume surged by 43% to $1.87 billion, indicating an increase in expectations for institutional funds entering the market. If approved, BNB will gain broader institutional liquidity support and become a mainstream asset allocation target.
At the beginning of May, BNB fluctuated within the range of $580-595, forming a “consolidation convergence” pattern, which typically signals significant volatility. The 4-hour MACD showed a bullish cross, and the daily RSI was at 58, indicating that upward momentum has not yet been exhausted.
On May 6th, BNB broke through the 50-day moving average ($590.30) and stabilized above the psychological level of $600, with a short-term target pointing to a resistance level of $640, and if broken, could challenge the historical high of $793.86. Over the past week, large transactions exceeding $100,000 have increased by 22%, and the exchange's BNB balance has dropped to the lowest level since 2021 (2.2 million), with supply tightening supporting the price.
BNB achieves deflation through a quarterly burn mechanism, with total supply reduced by nearly 30% from the initial amount (current circulating supply of 142 million), resulting in an annual deflation rate of 4.77%. Its scarcity surpasses that of Bitcoin, making it the only asset among the top ten cryptocurrencies with an active deflationary mechanism.
Short-term (mid to late May): If it holds above $640 and breaks through the previous high of $793.86, a new round of upward cycle may begin; if it pulls back below $600, attention should be paid to the support range of $580-595, and after stabilizing, it still has rebound momentum.
$Long-term: Institutional adoption (if ETF is approved), deflationary mechanisms, and ecosystem expansion (DeFi, AI projects) constitute the core driving forces, with Standard Chartered's target of $2,775 implying a potential increase of about 360%.
