Binance Coin [BNB] Saw Modest Rise Despite Whales Shorting Massively and Buy Pressure Reducing Greatly

Binance coin [BNB] saw a modest rise of about 1.59% in the last 24 hours, despite whales shorting massively and buy pressure reducing greatly.

Binance Coin [BNB] displayed a modest rise of about 1.59% in the last 24 hours, despite a massive short-side pressure from whales and a reduction in the buy pressure.

On Alphractal’s Whale vs. Retail Heatmap, red hue dominated the Binance row, showcasing that whales were more actively shorting BNB than the retail traders.

Still, BNB’s price remained stable and showed a slight increase, as highlighted in the chart above.

This rise coincided with a surge in BNB Chain activity to its highest point in three years—potentially offsetting the short-side pressure.

This implied that whales might be benefitting from spot positions while utilizing futures to mitigate potential losses on the downside. By shorting via futures and holding long spot, they could be neutralizing risk during a bullish phase, ultimately baiting retail into misinterpreting the market trend.

However, the pressure on Binance coin was evidently decreasing. Latest data from Alphractal showed a decline in pressure on BNBUSDT—the green region visible in the most recent segment of the chart was significantly smaller compared to last week.

Buy Pressure at 0.466 and Sell Pressure at 0.669 formed a negative Delta of -0.203, a change from the previous week’s stronger bullish imprint.

Although BNB traded within the $670–$690 range, the reduced buy momentum suggested that bulls might soon yield to bears. Things would not move in one direction unless buyers supported the market again.

Can price tag reclaim the $700 block?

As Binance coin price displayed an 18.9% rise, jumping from $581.00 to $691.31, it went into a temporary phase of stabilization.

After this phase, BNB hit a secondary peak at resistance, followed by a pullback that made support at $652 quite solid for bulls defending it.

If bulls manage a clean break above $660, BNB could aim for $667, then $684, and potentially $705. But any slip below $644 might erase bullish structure and accelerate losses.

From the first consolidation breakout and increasing prices, it was anticipated that a continuation would occur. Volume bought by buyers assured the market of continued interest.

Should the $667 level become a new support, the price might rise even faster toward $700+.Failing to remain above $660 could result in a retest at $652 and even falling past $644. Because the entry range was narrow, the risk and reward were easily predictable.

Since the price broke out strongly and the increase in price was swift, the initial warrant for bulls was strong, but the next phase would depend on how quickly and in which direction momentum pushed near resistance.