🚀 BNB Nears $1,000 Amid Strong On-Chain Conviction
📈 Price Surge: BNB has climbed 14% this month, now trading near $958, and is eyeing a four-digit target around $1,071–$1,080.
💡 Profit-Taking Risk:
NUPL (Net Unrealized Profit/Loss) is at 0.44, a 3-month high, showing many holders are in profit and may be tempted to sell.
🏦 Exchange Supply Falling:
BNB on exchanges dropped 50% (4.35M ➡️ 2.79M) in just 4 days—📉 a bullish sign as coins move to long-term wallets.
🫡 HODLers Accumulating:
6–12 month holders grew from 62.8% ➡️ 67.1%, and
3–6 month holders nearly doubled (1.9% ➡️ 3.6%).
➡️ These typically profit-taking cohorts are instead buying more, tightening supply.
📊 Technical Outlook:
Breakout from an ascending channel confirmed ✅
Resistance: $975 & $1,015
Target Zone: $1,071–$1,080 💯
Support: $950 & $935 ⚠️
Breakdown risk: Close below $910 would weaken the bullish case.
🔑 Takeaway: Despite high profit-taking risk, shrinking exchange supply and holder accumulation show strong market conviction, keeping BNB on track toward four-digit prices.
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