BNB’s Big Rally Looks Shaky: Are Quick Sellers Lining Up?
BNB’s rally may be losing steam as short-term holders eye profits. A fall below $1,136 could deepen losses, while a rebound above $1,308 may revive bullish momentum.
BNB has remained one of the few major cryptocurrencies to form a new all-time high (ATH) even as the broader market struggled.
However, after a strong rally, the Binance ecosystem token may face turbulence. A growing number of short-term holders appear poised to take profits, signaling potential volatility ahead.
BNB Holders Susceptible To Selling
The Spent Output Profit Ratio (SOPR) is reflecting early signs of waning profitability among BNB investors. The most recent readings are hovering near the neutral 1.0 level, indicating that holders are realizing minimal profits. While this does not yet imply losses, it highglights that BNB’s profit margins are tightening.
If the SOPR dips below 1.0, it would signal that investors are selling at a loss. Historically, this tends to trigger selling fatigue, often allowing prices to stabilize and recover. However, BNB’s current position above this mark suggests that profit-taking remains active, leaving the altcoin vulnerable to continued downward pressure.
BNB SOPR. Source:
Glassnode
BNB’s short-term holder Net Unrealized Profit/Loss (STH NUPL) has recently spiked above the 0.25 threshold, historically a warning signal. Breaching this level has often preceded a saturation of profits among short-term investors, leading to waves of selling and subsequent price reversals.
The current NUPL data suggests that many short-term holders are sitting on sizable gains, increasing the likelihood of sell-offs in the near term. With no clear bullish indicators emerging on the macro front, BNB could be entering a cooling phase, where consolidation or correction becomes increasingly probable.
BNB STH NUPL. Source:
Glassnode
BNB Price Could See Further Decline
At the time of writing, BNB is trading at $1,181, maintaining a fragile position above its key $1,136 support level. Given the weakening sentiment and increased selling pressure from short-term holders, this support could soon be tested.
If bearish momentum intensifies, BNB may fall toward $1,046. Losing this critical level could open the door to a deeper correction, potentially driving the price down to the psychological support zone at $1,000. Such a decline could erase much of the token’s recent gains.
BNB Price Analysis. Source:
TradingView
Conversely, if BNB manages to hold above $1,136 and attract renewed buying interest, a rebound toward $1,308 is possible. A decisive break above this resistance could reignite bullish momentum and bring the token closer to retesting its $1,375 all-time high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Wall Street giants collectively raise rate hike forecasts, US Treasury futures continue to fall, gold drops over 1% to break 4000
After the US October CPI exceeded expectations, Goldman Sachs and Nomura added a forecast for an interest rate hike in March next year, while Deutsche Bank included a forecast for a rate hike in January next year. Currently, the market has fully priced in a 25 basis point rate hike in December, with a 13% probability for a 50 basis point hike. On Wednesday, the US Treasury spot market was closed, but Treasury futures continued to fall, with corresponding yields rising by about 2 to 4 basis points, and spot gold came under pressure, dropping by 1.1%.
No Need to Worry About the Cooling Down of AI Data Center Construction? The US Import Boom Is Unlikely to Subside in the Short Term, Real Impact May Come in 2029
It takes an average of 4.8 years from finalizing investment to starting construction of a data center project, and an additional 2.6 years from construction start to becoming operational. Servers usually cannot be installed until after the building structure and racks are completed. For trade partners such as Taiwan (China), South Korea, and Mexico who rely on US data center supply chain demand, the inertia in construction timelines provides at least a one- to two-year buffer for future exports.
Federal Reserve Major Debate: When Should the Tenure of “Number Three” Williams End?
The main point of contention is whether Williams should step down in June 2028, upon completing a full 10-year term, or in June 2027, when he reaches the mandatory retirement age of 65. Analysts point out that the Federal Reserve Board holds ultimate discretion; if he leaves early, Fed Chair Waller would be able to assert greater control over the appointment to this critical position. However, forcing Williams to shorten his term could easily be interpreted as political manipulation. Williams himself is expected to serve until June 2028.
Crypto prices
More
