$BNB The 6.3% increase in 24 hours of BNB reflects a bullish position in derivatives, a significant increase in BNB Chain activity, and signs of institutional accumulation.
1. DEX Dominance: The daily DEX volume on BNB Chain reached $3.94 billion, surpassing Ethereum by $1.5 billion (AMBCrypto).
2. Whale Activity: A leveraged long position in BNB of $10.2 million and a treasury allocation from Windtree Therapeutics of $520 million (AMBCrypto).
3. Technical Breakout: Bullish crossover of the MACD and RSI14 at 80.6 indicating overbought momentum.
P.S.: Remember to do your own research.
