- BNB broke above the $600 resistance in early May but is now struggling to clear the $700 level, despite broader market optimism and a strong Bitcoin rally.
- Whale behavior is turning bearish, with Alphractal’s data showing reduced buy pressure and a rising “Whale vs Retail Ratio,” suggesting short-term volatility and potential downside for BNB.
- Currently trading near $670, BNB is down 2% in 24 hours, with weak weekend momentum hinting that unless buying pressure returns, more choppy or bearish action may follow.
BNB’s been riding a bit of a rollercoaster lately—one moment it’s charging upward, the next it’s taking a breather. Even with the overall crypto market acting a little sleepy at times, BNB’s been holding its own, staying mostly above that crucial $500 line as Q2 kicked off. But now, the vibes are changing.
In early May, BNB finally broke free from that sticky $600 zone—it was sluggish and messy for a while, but bulls managed to get things moving again, riding the wave of a broader market uplift. That said, things have hit a wall around $700. The coin’s trying to claw its way back toward all-time highs, but it’s clear there’s some serious resistance in the way.
Whales Playing It Cool While Retail Hangs On
So, why’s BNB getting sluggish again? Well, Alphractal posted a breakdown on May 23 that sheds some light. Turns out, the whales are making waves—just not in the way you’d hope.
Their post, based on the “Whale vs Retail Ratio,” shows that big players are pulling back. And not just a little—they’re getting real cautious, more so than whales holding other altcoins. Compared to retail investors, the whales seem less convinced BNB’s heading to the moon anytime soon.
And get this—the overall buy pressure has slipped too. That’s despite Bitcoin showing off with some strong moves lately. In comparison, BNB’s been kinda… muted. When that happens, it usually points to one thing: volatility. And not the kind that breaks upward. More like the “watch your stop losses” kind.
What’s Next for BNB?
Right now, BNB is floating around $670, down a couple of percent over the past day. It started Friday with some pep, pushing toward $690, but that didn’t last. That little spurt of energy was short-lived.
And with weekends in 2025 being generally rough for the crypto market, this hesitation feels a bit ominous. Still, zooming out a bit, BNB is up roughly 3% on the week—not bad, but not exactly blazing a trail either.
So, here’s the thing: if the whales keep backing off and retail doesn’t step up with serious volume, BNB could be in for a choppy ride in the short term. The momentum’s fading, and unless something big flips the script, we might be heading into a stretch of rocky price action.
