The BNB price has undergone an aggressive correction during the last sessions, retreating from 900 dollars to sit near the 700 dollar mark. This drop, representing a weekly decrease of over 22%, has pushed the asset to its lowest level in seven months, erasing much of the gains accumulated during the year within the current market cycle.
Despite the weakness in trading prices, the network has shown unusual strength by adding more than one million new addresses daily, as reported by Aaryamann Shrivastava. This constant flow of participants suggests that the BNB price is attracting fresh capital capable of absorbing the institutional selling supply, seeking to stabilize the technical structure of the asset in the short term.
Binance network strength faces a bearish and over-leveraged futures market
On the other hand, data from derivative markets present a high-risk outlook for the immediate stability of the asset’s quotation. The BNB price is under the pressure of a dominant negative sentiment, with liquidation maps showing a massive imbalance between short and long positions, significantly raising the risk of increased operational volatility during the upcoming trading sessions.
Specifically, there are approximately 43 million dollars in short positions compared to only 6 million in long contracts, reflecting a strong bearish conviction among current margin traders across the globe. This asymmetry implies that if the BNB price continues to decline, forced position adjustments could accelerate nominal losses for the asset, hindering any attempt at an organic recovery during this current week of financial trading.
Likewise, the Fibonacci Extension tool identifies 682 dollars as the fundamental support that the asset must defend to avoid a major collapse. A loss of this level would not only deepen the panic but also trigger additional liquidations exceeding three million dollars, pushing the quote towards 650 dollars or less in the main cryptocurrencies of the decentralized digital exchange system.
The 682 dollar support will define the technical direction of the asset
Nonetheless, a rebound scenario depends directly on whether capital inflows manage to overcome the selling pressure concentrated at current levels. If the BNB price manages to reclaim the 735 dollar mark, it could advance with greater security towards the 768 dollar resistance, a key level that would invalidate the bearish thesis and allow a necessary breather for retail investors.
In this way, consolidating above 768 dollars would clear the path for the asset to seek the 821 dollar level once again. This transition requires that on-chain activity translates into effective market demand, allowing the BNB price to recover lost ground and strengthen the indicators necessary for a bullish rally sustained to restore confidence in the Binance ecosystem during February.
Furthermore, the exponential growth of new addresses is an indicator that historically precedes accumulation phases after large market corrections. While the BNB price seeks to establish a solid floor, the absorption capacity of new users will be determining to halt the negative trend, thus avoiding a prolonged fall towards annual lows not foreseen by most technical analysts in the field.
Therefore, the market is at a turning point where the struggle between positive on-chain data and negative derivatives will mark the immediate fate. The BNB price must navigate a highly sensitive environment, where hedging operators could force unexpected sharp movements, maintaining maximum alert across all global trading platforms that operate with this digital asset during this period of stress.
However, the success of any recovery will also depend on the resilience of Binance’s infrastructure and the general health of the market. While investors analyze these factors, the BNB price remains under close watch, as consolidating above key liquidation levels will be vital to preventing the current retreat from turning into a long-term bearish phase for the entire sector.
