BNB breaks $700, yet bulls are still hesitant – Here’s why!

Key Points

1. BNB surpassed $700 but showed weaker performance compared to other top altcoins, which posted double-digit gains.

2. BNB's dominance dropped to a five-month low of 2.60%, down from its mid-March peak of 3.40%.

3. Despite a 10% monthly gain, BNB underperformed relative to other majors that rallied over 20% in the same period.

4. Strong DEX flows and token economics support BNB, but large wallet activity remains subdued compared to competitors like Solana.

5. BNB's future market role may depend on whether capital rotates back from higher-beta altcoins.