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BNB surges: Whales are landing and capital is flooding into the exchange.
According to on-chain data, Binance Coin (BNB) appears to be preparing for a new bullish trend. As trading activity on Binance heats up, the platform's native token begins to draw attention from a large number of users. And it's not just retail traders getting involved. On-chain signals also indicate that cash flow from institutions and massive BTC transactions from whales may be paving the way for a clear breakout.
Strong BTC flow into Binance boosts momentum for BNB
Recent on-chain data indicates that the amount of BTC flowing into Binance is skyrocketing, especially from "whale" wallets. On June 16 alone, transactions of 10,000 BTC or more accounted for 83% of the total inflow to the exchange – a figure not meant for small-time players.
Why is this important for BNB? When the Binance exchange attracts more large capital inflows, trading volume increases, and as a chain reaction, BNB – as a token used to reduce transaction fees, payments, and staking – will be used more. In addition, the number of wallets as well as transactions on the Binance Smart Chain (BSC) is steadily increasing, indicating that the entire ecosystem is "thriving".
When capital flows strongly into the exchange, liquidity also increases. It can be said that liquidity is like "oxygen" for traders, reducing unusual fluctuations, narrowing spreads, and making transactions easier.
In this context, BNB is not merely "riding the wave," but is also contributing to guiding the flow. This is also the reason why many analysts have high expectations. Some believe that the $700 mark is the nearest target, but there are also those who have set their sights on the $900 range if BNB has the right catalysts.
Last year, BNB made an impressive bounce from $202 to nearly $800. However, the beginning of 2025 looks quite challenging as the price fell back to $510. This correction may have cooled market sentiment, but momentum is gradually returning. By the end of May, BNB reached $698 and remained nearly flat throughout June.
However, if BNB breaks the current accumulation zone, especially with the hard fork Maxwell scheduled for June 30, this token could really explode. According to AltCryptoGems, the long-term trend of BNB is heading towards a "price discovery" phase. And if that actually happens, the possibility of the $900 mark becoming a reality soon cannot be ruled out.
Itadori