BNB is making headlines as it breaks past the $800 mark, setting a new all-time high and signaling strong bullish momentum. A key driver behind this surge is the sharp rise in open interest, which has climbed to $1.23 billion—its highest level this year. This indicates a fresh wave of capital entering the BNB market, especially from institutional players. Daily trading volume has also spiked by over 40%, while positive funding rates show long-position dominance. Technical indicators, including a high RSI and bullish MACD, point toward continued strength, though short-term corrections are possible. Institutional accumulation, like Nano Labs acquiring over $90 million worth of BNB, adds further confidence. If momentum sustains, price targets could shift toward $900 and even $1,000 in the near future. However, traders should watch support levels around $765 and $742 for any potential pullbacks. BNB’s breakout marks a major milestone in this bullish crypto cycle.
