BNB Breaches $700, Yet Market Bulls Remain Cautious
2025-07-18 05:42:30
Main Idea
BNB has breached the $700 threshold, but market bulls remain cautious due to lagging performance, diminished dominance, and cautious whale activity.
Key Points
1. BNB's market dominance has slipped to a five-month low of 2.60% from its mid-March peak of 3.40%.
2. The number of wallets holding over 10,000 BNB has reached a nearly three-month low, indicating cautious behavior among large holders.
3. BNB achieved a 10% gain over the month by breaking $700, but other major cryptocurrencies rallied by 20% or more over the same period.
Description
BNB, the native cryptocurrency of the Binance ecosystem, recently crossed the significant $700 threshold. However, despite this impressive price milestone, market analysts are observing a notable hesitation among bullish investors. Several underlying factors suggest that BNB’s current upward momentum might not reflect the broader strength seen in other major cryptocurrencies. Lagging Performance and Diminished Dominance … Continue reading "BNB Breaches $700, Yet Market Bulls Remain Cautious" The...
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