Crypto

BNB Price Stalls Below $700 as On-Chain Data Indicates Reduced Buying Pressure

Expert-Reviewed Insights on BNB Price Dynamics

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BNB Price Trends: Navigating Volatility

Over recent months, BNB’s price dynamics have demonstrated significant volatility, even amidst periods where the broader cryptocurrency market has shown less movement. As the year’s second quarter commenced, BNB endeavored to maintain its position above the pivotal $500 threshold. Since then, the altcoin has regained substantial positive momentum.

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In early May, BNB’s price surged beyond the turbulent $600 range, reflecting a growing optimism within the market. Yet, the altcoin faces challenges in surpassing the $700 barrier, striving to reach its historical peak.

Understanding BNB’s Recent Price Movement

On May 23, investment data firm Alpractal shared insights on the X platform regarding BNB’s lackluster performance in the previous week. The analytics firm attributed this to a particular investor category significantly influencing BNB’s bearish trend.

Alpractal’s analysis of BNB’s price scenario focused on the “Whale vs Retail Ratio,” an on-chain metric assessing the asset exposure of large investors compared to everyday traders. The data suggests that BNB’s major investors, or ‘whales,’ are displaying more bearish behavior than retail participants.

The platform also noted a decline in buying pressure for BNB compared to the previous week. Despite Bitcoin’s bullish trend, BNB’s price reaction remained relatively subdued. This reduction in buying interest indicates potential short-term volatility, with a likely downward price movement driven by the whales’ inclination to short the altcoin.

Current BNB Price Overview

At present, BNB is priced around $670, marking a 2% decline over the past 24 hours. The altcoin began Friday on an upward trajectory, nearing the $690 level early in the day.

This performance is concerning, given the cryptocurrency market’s trend of underperformance on weekends throughout 2025. However, BNB has still managed a nearly 3% increase over the past seven days.

For a visual representation, refer to the BNBUSDT chart on TradingView.

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Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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