- Behold, dear reader, as BNB bounces off the $639 precipice, buoyed by an all-time high of 1.7 million Non-Sybil Users and 2 million Active Addresses! 🤯
- Will this momentum propel Binance Coin to the dizzying heights of $674, or shall it succumb to the void and retest the $639 support level? 🤔
As the Middle East teetered on the brink of chaos, Binance Coin [BNB] retraced its steps, plummeting to a low of $639. But lo! The altcoin has since defended the $640 support level with valor, bouncing back like a phoenix from the ashes. 🔥
A Breakout in Real Demand, Not a Bot-ched Attempt! 🤖
According to the sage analysts at AMBCrypto, new on-chain data reveals that the rebound was no mere coincidence. BNB’s Non-Sybil Users have reached an all-time high of 1.7 million, as decreed by the all-knowing Artemis. 📊
These verified users, untainted by the scourge of airdrop hunters and bots, have imbued the surge with meaning and significance. 🙏
Thus, we behold a tapestry of real people actively utilizing the BNB chain, their interest, demand, and utility for BNB growing in tandem with the network’s strengthening. 🌟
As the number of actual users swells, BNB Active Addresses have surged to a monthly high of 2 million, accompanied by a spike in new wallets to 595.7k. 📈
This momentous surge in active addresses and new entrants bespeaks a growing demand for the chain, a harbinger of increased prices. 📊
Futures and Whales in Perfect Harmony 🐳
As the user base expands, bullish sentiments are spreading like wildfire across all market participants. 🔥
It appears that users entering the market are mostly bullish, and what’s more, they’re large entities with a taste for adventure! 🎉
BNB’s Futures Taker CVD remains buyer-dominant over the past 90 days, a testament to market conviction. 💪
And lo! The Futures Average Order Size reveals that large whale trades have returned, their green dots dominating the charts like a verdant oasis in the desert. 🌟
These participants, imbued with an unshakeable bullish fervor, are entering the futures market to take long positions, accounting for a staggering 73% of total contracts. 🤯
This implies that bullish sentiments reign supreme, with investors anticipating prices to rise further, like a phoenix from the ashes. 🔥
With adoption rates soaring and investors bullish, the stars are aligning in BNB’s favor, setting the stage for further gains. 🌠
When the number of users surged to similar levels on the 6th of May, BNB broke out of consolidation and soared to $692. 🚀
Therefore, if the current conditions persist, the altcoin will complete its trend reversal and set its sights on the coveted $674. 🔝
But alas! If the number of users entering the market fails to boost BNB higher, the altcoin will retrace its steps and retest the $639 support level, a fate worse than a thousand deaths. 💀
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2025-06-15 21:24