BNB price lag below $700 level – On-chain data signals reduce buying pressure
BNB prices have shown relatively strong levels of volatility over the past few months, even the crypto market has been stagnant at times. Altcoin started the second quarter of the year to surpass the important $500 level, but has since recovered a lot of bullish momentum.
BNB’s price broke out from rough areas around $600 in early May, reflecting increasingly optimistic market sentiment in recent weeks. However, Altcoin appears to be working to violate the $700 level to restore its all-time highest price.
BNB prepares for positive waves of fluctuations
In a May 23 article on X Platform, investment data company Alpractal explained the potential factors behind the recent sluggishness of BNB prices over the past week. The Chain Analysis Platform designates investors in relevant categories as the main drivers of BNB’s latest bearishness.
In the case of BNB’s price, letter size studies the “whale to retail ratio”, a chain-type indicator that measures how well whales are exposed to assets compared to retail investors. According to market intelligence platforms, BNB whales have more and more data than other large Altcoin Investors than retailers.
Source: @Alphractal on X
Additionally, the glyph emphasizes that the purchase pressure of BNB tokens has dropped to a lower level compared to last week. Furthermore, given the bullish impulse Bitcoin has experienced, the reaction of BNB prices over the past week is tame compared to the rest of other markets.
According to the Chain Analysis platform, the reduced buying pressure may mean aggressive short-term fluctuations in BNB prices. In addition to whales tend to shorten Altcoin, this suggests that the price of BNB is more likely to move downwards in the next few days.
BNB price is clear at a glance
As of this writing, BNB’s price is about $670, reflecting a 2% drop in the past 24 hours. Altcoin started on Friday’s rise, quickly rising by $690 in the early hours of the day.
The performance of local tokens for BNB chains is particularly worrying given that the cryptocurrency market lags behind Friday for most weekends in 2025. However, BNB prices have still risen by nearly 3% over the past seven days.
The price of BNB on the daily timeframe | Source: BNBUSDT chart on TradingView
Featured images from Shutterstock, charts from TradingView
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