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Binance Coin Sets New Record Near $900 as Rally Pauses Below Resistance

Elevated futures positions with heavy 24‑hour volume underscore momentum alongside greater volatility risk.

BNB nears $900 as Futures soar to $1.6B - Traders take notice

Overview

  • BNB briefly touched roughly $899–$900 before consolidating around $880–$895, with $900 as immediate resistance and about $850 as near‑term support.
  • Futures open interest has risen above $1.6 billion, indicating concentrated derivatives exposure that could magnify both gains and pullbacks.
  • Reported 24‑hour trading volume topped $2.49 billion during the advance, pointing to strong liquidity as the token tested new highs.
  • Media reports cite large corporate allocations, including a $160 million buy by a Nasdaq‑listed BNB Network Company and $100 million from China Renaissance, though independent verification remains limited.
  • On‑chain activity on BNB Smart Chain has climbed toward 3 million active addresses, while RSI near 61 and steady OBV readings suggest cooling momentum, and analysts eye $1,000 to $1,270 if a high‑volume break above $900 holds.