Main notes
- Token Burn permanently removes 1.6 million BNB codes with a value of more than one billion dollars from the trading offer from 139.29 million.
- Derivatives trading volume jumped by 33.94 % to 613.7 million dollars with long rates to harsh in favor of upward morale.
- BNB technical analysis shows before all the main intermediates with Macd Crossover to support potential penetration to a range of $ 700-720.
The BNB series confirmed the completion of the thirty -third separation event, which permanently removed 1,595,599.78 BNB from trading, with a little more than one billion dollars at current prices. With the BNB distribution now to 139.29 million BNB, Taurus traders can take advantage of the contraction pressure to pay prices over the $ 700 sign.
At the time of the press on Thursday, July 10, BNB
BNB
$ 668.4
24 hours fluctuation:
0.8 %
The maximum market:
97.51 dollars b
Folder. 24h:
$ 1.07 b
The price rose above the sign of $ 670, which reflects about 2 % of the gains within 24 hours of the declaration of symbolic burning.
32 quarterly $ BNB The code was completed directly on the BNB Smart series (BSC).
1,595,599.78 BNB was burned.
View burning details
https://t.co/zpd8exfhpe pic.twitter.com/2LS3peqwyj
BNB (bnbchain) July 10, 2025
Historically, the BNB price tends to respond positively to the main symbolic burns. In addition to the initial upward price reaction, the main trading standards in the BNB derivative markets confirm this optimistic novel.
Derivative markets show renewable capital flows
The trading of BNB derivatives witnessed a sharp return on Thursday, as the daily size increased by 33.94 % to $ 613.7 million. The open interest also increased by 1.34 % to $ 781.5 million, indicating a clear return of capital to the crane markets.
BNB Market Derivatives Analysis Source: Coinglass, July 10, 2025
Moreover, the BNB ratio to short by the main stock exchanges reflect a clear budget. In Binance, the long to short accounts were 1.3776, while OKX was a similar positive look at 1.15.
Among the best traders in Binance, it was a long to short account ratio of 1.1515, although the position based on the position remained slightly less than equal at 0.9089, indicating that the largest players are still running caution despite the favorable feelings between the wider retail accounts.
BNB Eyes $ 700 $ Breakout above main support
At the time of the press, BNB is trading at $ 676, printing a third green candle in a row before all major moving averages: The 50-SMA ($ 656), 100-SMA ($ 632.79), and 150-SMA ($ 628.33). This alignment confirms an upscale medium -moving group, which hints to a continuation of the upward trend.
Likewise, MACD momentum also turned into ascending. As shown below, the MACD line is now higher than the signal line (5.06 against 2.51), while the graphic bars are at a height. This intersection supports continuous purchase pressure may see that prices move towards the scope of resistance between $ 700 and $ 720.
BNB price expectations | Source: TradingView
If BNB turns $ 680 to support this week, it is possible that there will be a debris in the near -term about $ 700. In this scenario, the daily closure above $ 710 can revitalize the following leg above the $ 740 and $ 750 region. On the downside, failure to keep $ 660 to re -correction may lead to $ 640 in SMA for 100 days.
Solaxy Pressale: BNB whales turns eyes into the first layer of Solana 2
With BNB’s BNB narration activation, investors also move on Solaxy ($ Solx), the first layer chain 2 of Solana. The pre -preparedness period has caught a strong attention from multiple whales, including BNB holders looking for high -yielding diversification opportunities.
Solaxy provides multi -power consensus, 71 % of the rewards, and the ability to expand, missing from most current Solana projects. The project is already preparing for the main exchange lists, and users can now visit the official website to demand the participation of Solx Tokens and their participation in the use of supported portfolios.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
The post BNB Open Interest Crosses $780M After $1 Billion Token Burn: What Follows? first appeared on Investorempires.com.
