After the release of favorable data the day before yesterday, the market ushered in a big rebound, but most of the altcoins are still lying still and not rising.

Why can't most altcoins stand up?

Because large institutions prefer to buy spot ETFs rather than high-risk altcoins.

In an environment where the market lacks liquidity, BNB has performed strongly and broken through its historical high.

Will BNB continue to soar after breaking through its historical high and reach $1,000? Can it still be chased now?

Let me tell you in detail.

BNB must be familiar to everyone. It is the platform token of Binance.

As the world's top digital asset trading platform, Binance has a total number of users exceeding 178 million, accounting for 36% of the global Web3 market share.

BNB is treated like a real father by Binance, and the entire layout is centered on empowering BNB.

After yesterday's round of surge, BNB has broken through its historical high.

At present, there is not much room above, and the profit and loss ratio is not appropriate.

At the same time, it is not suitable for short selling!

The current position is quite awkward.

The Binance team wants to get BNB to a suitable point for the team to cash out, but no one knows what their ideal position is.