Triple strangulation: Who is pulling away the bottom fire of BNB?
Institutional long and short double sickle
Grayscale heavily bought 2.3 million BNB last night (OTC average price $705)
During the same period, CME futures established a $120 million short position, with spot low absorption + futures shorting for dual arbitrage
Pledge income collapse
BNB chain annualized pledge income plummets to 3.2% (lower than USDT investment at 5.8%)
Whale unlocks 870,000 BNB in a single day (approximately $620 million), shifts to US debt tokenization projects
Regulatory boomerang
US SEC secretly subpoenas former BNB chain employees (involving securities attribute determination)
BNB's proportion in Binance's reserves exceeds regulations, facing a $4.3 billion fine hearing countdown
On-chain password: 300 million chip abnormal movement roadmap
July 16, 08:00 Market maker Wintermute deposits 290,000 BNB into Binance (cost $712)
July 16, 14:00 Grayscale OTC purchases 2.3 million BNB (counterparty is Jump Trading)
July 17, 03:00 Whale address unlocks pledge → rushes to Binance to sell (order at $708-710)
The dealer uses the left hand to trade and push prices up while using the right hand to sell on good news; the 710 defense line is essentially a bull slaughterhouse
Position slicing method
Spot holders: Increase positions every 5 below 710 (10705/700/695)
Contract players: Lock-in hedging (open equivalent BTC long positions to offset BNB downside risk)
Escape the death spiral
Pledge users immediately shift to high-yield alternatives (e.g., Ondo USD pool annualized 12%)
Clear out BNB chain high FDV low circulation projects (e.g., ID will trigger a series of liquidations if it drops below $0.42)
Sniping the cost line of the dealer
Grayscale average price 705 → Order placed at **704.5 for accumulation**
CME short covering line $693 → breaking this position must rebound, reverse and open long leverage ≤ 3x
Policy warning radar
If the SEC hearing fine exceeds $3 billion → BNB may flash crash to $650
If Binance's reserve compliance rectification is completed → retaliatory rebound to $740
During the bull market reshuffle, true gold is never afraid of being refined by fire
When the market scares off the retail investors with a breakdown
What real hunters see are the bloodstains left by dealers on the tray coordinates
Remember: The lifeblood of exchange tokens is always compliance, not coin price
When institutions are trading, it’s better to follow the dealer’s cost than to follow the trend
$700 is not the endpoint, but an ammunition box for the next round of journey — because the real war will begin when BNB's pledge yield returns to 8%
For the latest on-chain chip distribution, please see the homepage introduction and follow the unlocking main force's hidden order coordinates
