{"id":537190,"date":"2023-06-09T13:30:50","date_gmt":"2023-06-09T13:30:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=537190"},"modified":"2023-06-09T11:39:54","modified_gmt":"2023-06-09T11:39:54","slug":"bearish-bnb-signs-hint-downtrend","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bearish-bnb-signs-hint-downtrend\/","title":{"rendered":"Bearish BNB Signs Hint Downtrend May Persist Beyond Expectations"},"content":{"rendered":"<p><span style=\"font-weight: 400\">BNB is currently displaying bearish signs that suggest a possible continuation of the ongoing downtrend, surpassing the expectations of many investors.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite initial hopes for a swift recovery, the persistence of these bearish signs compels investors to explore the implications and brace for the possibility of a more prolonged downturn, provoking further scrutiny of the future of BNB and its impact on the wider cryptocurrency ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But what exactly are these signals telling us about the future of BNB?<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/apecoin-holders-suffer-financial-pain-as-95-endure-negative-returns\/\" target=\"_blank\" rel=\"noopener \">ApeCoin Holders Suffer Financial Pain As 95% Endure Negative Returns<\/a><\/div>\n<h2><strong>BNB Recent Downturn Coincides With Surge In Trading Volume<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">According to a recent tweet by Santiment, BNB has experienced a notable <\/span><a href=\"https:\/\/twitter.com\/santimentfeed\/status\/55387648\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">downturn of -15%<\/span><\/a><span style=\"font-weight: 400\"> since June 4. The decline in BNB&#8217;s price coincided with a surge in its trading volume, reaching a level not seen in the past five weeks.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc9 <a href=\"https:\/\/twitter.com\/hashtag\/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BinanceCoin<\/a> has been hammered compared to the rest of the markets these past couple days. Now -15% since Sunday, social dominance has surged as the asset has become quite polarizing. <a href=\"https:\/\/twitter.com\/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BNB<\/a> trading volume is at 5-week high levels as well. <a href=\"https:\/\/t.co\/E7sU59lkRe\" rel=\"nofollow\">https:\/\/t.co\/E7sU59lkRe<\/a> <a href=\"https:\/\/t.co\/FL0Er5vmQa\" rel=\"nofollow\">pic.twitter.com\/FL0Er5vmQa<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/55387648?ref_src=twsrc%5Etfw\" rel=\"nofollow\">June 7, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">This increase in trading activity suggests that market participants are actively engaging with BNB during its price decline, possibly seeking buying opportunities or adjusting their positions in response to the market movement. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The higher trading volume indicates heightened market interest and the potential for increased price volatility as investors closely monitor BNB&#8217;s performance.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/8xdHY69V\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">BNB market cap currently at $40.5 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">This confluence of factors, with BNB experiencing a significant decrease in value alongside a surge in trading volume, presents a dynamic and evolving situation for traders and investors, warranting careful attention and analysis of the underlying market dynamics.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Amidst the volatility of the cryptocurrency market, BNB&#8217;s price on <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bnb\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\"> stands at $260.59, reflecting a mere 0.8% drop in the past 24 hours. However, a more concerning trend emerges when we consider its seven-day decline, which amounts to a significant 15.1%.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-537191\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-32.png?resize=1129%2C59\" alt=\"\" width=\"1129\" height=\"59\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-32.png?w=1129 1129w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-32.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-32.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-32.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-32.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: Coingecko<\/pre>\n<h2><strong>Open Interest Up, Whale Transactions Down<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Adding to the prevailing bearish sentiment surrounding BNB, its chart analysis reveals additional causes for concern. Notably, <\/span><a href=\"https:\/\/coinalyze.net\/binance-coin\/open-interest\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">BNB&#8217;s open interest<\/span><\/a><span style=\"font-weight: 400\"> has gained upward momentum, indicating an influx of new or additional capital entering the market. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This increase in open interest suggests that the current market trend may persist for a longer period, without any imminent reversal.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-537193\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-33.png?resize=1495%2C304\" alt=\"\" width=\"1495\" height=\"304\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-33.png?w=1495 1495w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-33.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-33.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-33.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-33.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-33.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: Coinalyze<\/pre>\n<p><span style=\"font-weight: 400\">However, a bearish indication came from the Market Value Realized Value (MVRV) Ratio, which showed a considerable decrease. This decline suggests that the average profit or loss of BNB holders is currently lower, reflecting the downward pressure on the coin&#8217;s value.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/pepecoin-15-drop-sparks-speculation-will-further-pain-follow\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Pepecoin 15% Drop Sparks Speculation: Will Further Pain Follow?<\/a><\/div>\n<p><span style=\"font-weight: 400\">In line with the bearish trend, whale interest in BNB has also waned, evident from the decrease in the number of whale transactions. This decline in whale activity signifies a reduced involvement of large-scale investors or entities, potentially adding to the market&#8217;s cautious outlook.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, BNB&#8217;s velocity, representing the frequency at which the coin is used in transactions within a given timeframe, registered a decline. This decrease in velocity suggests that BNB is being utilized less frequently for transactions, possibly indicating a decrease in overall market activity.<\/span><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from Tradedog<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB is currently displaying bearish signs that suggest a possible continuation of the ongoing downtrend, surpassing the expectations of many investors.\u00a0 Despite initial hopes for a swift recovery, the persistence of these bearish signs compels investors to explore the implications and brace for the possibility of a more prolonged downturn, provoking further scrutiny of the future of BNB and its impact on the wider cryptocurrency ecosystem. But what exactly are these signals telling us about the future of BNB? Related Reading: ApeCoin Holders Suffer Financial Pain As 95% Endure Negative Returns BNB Recent Downturn Coincides With Surge In Trading Volume According to a recent tweet by Santiment, BNB has experienced a notable downturn of -15% since June 4. The decline in BNB&#8217;s price coincided with a surge in its trading volume, reaching a level not seen in the past five weeks.\u00a0 \ud83d\udcc9 #BinanceCoin has been hammered compared to the rest of the markets these past couple days. Now -15% since Sunday, social dominance has surged as the asset has become quite polarizing. $BNB trading volume is at 5-week high levels as well. https:\/\/t.co\/E7sU59lkRe pic.twitter.com\/FL0Er5vmQa \u2014 Santiment (@santimentfeed) June 7, 2023 This increase in trading activity suggests that market participants are actively engaging with BNB during its price decline, possibly seeking buying opportunities or adjusting their positions in response to the market movement. The higher trading volume indicates heightened market interest and the potential for increased price volatility as investors closely monitor BNB&#8217;s performance.\u00a0 BNB market cap currently at $40.5 billion. Chart: TradingView.com This confluence of factors, with BNB experiencing a significant decrease in value alongside a surge in trading volume, presents a dynamic and evolving situation for traders and investors, warranting careful attention and analysis of the underlying market dynamics. Amidst the volatility of the cryptocurrency market, BNB&#8217;s price on CoinGecko stands at $260.59, reflecting a mere 0.8% drop in the past 24 hours. However, a more concerning trend emerges when we consider its seven-day decline, which amounts to a significant 15.1%. Source: Coingecko Open Interest Up, Whale Transactions Down Adding to the prevailing bearish sentiment surrounding BNB, its chart analysis reveals additional causes for concern. Notably, BNB&#8217;s open interest has gained upward momentum, indicating an influx of new or additional capital entering the market. This increase in open interest suggests that the current market trend may persist for a longer period, without any imminent reversal. Source: Coinalyze However, a bearish indication came from the Market Value Realized Value (MVRV) Ratio, which showed a considerable decrease. This decline suggests that the average profit or loss of BNB holders is currently lower, reflecting the downward pressure on the coin&#8217;s value. Related Reading: Pepecoin 15% Drop Sparks Speculation: Will Further Pain Follow? In line with the bearish trend, whale interest in BNB has also waned, evident from the decrease in the number of whale transactions. This decline in whale activity signifies a reduced involvement of large-scale investors or entities, potentially adding to the market&#8217;s cautious outlook.\u00a0 Furthermore, BNB&#8217;s velocity, representing the frequency at which the coin is used in transactions within a given timeframe, registered a decline. This decrease in velocity suggests that BNB is being utilized less frequently for transactions, possibly indicating a decrease in overall market activity. Featured image from Tradedog<\/p>\n","protected":false},"author":557,"featured_media":537194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[11427,1144,8686,4735],"class_list":["post-537190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bnb","tag-btcusd","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\n<title>Bearish BNB Signs Hint Downtrend May Persist<\/title>\n<meta name=\"description\" content=\"BNB is currently displaying bearish signs that suggest a possible continuation of the ongoing downtrend, surpassing the expectations of many investors.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bearish BNB Signs Hint Downtrend May Persist Beyond Expectations","url":"http:\/\/ktsl888.com\/news\/bearish-bnb-signs-hint-downtrend\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bearish-bnb-signs-hint-downtrend\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-34.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-34.png?fit=826%2C447"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bnb","btcusd","ethusd","price action"],"dateCreated":"2023-06-09T13:30:50Z","datePublished":"2023-06-09T13:30:50Z","dateModified":"2023-06-09T13:30:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bearish BNB Signs Hint Downtrend May Persist Beyond Expectations\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bearish-bnb-signs-hint-downtrend\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bearish-bnb-signs-hint-downtrend\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-34.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-34.png?fit=826%2C447\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bnb\",\"btcusd\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-06-09T13:30:50Z\",\"datePublished\":\"2023-06-09T13:30:50Z\",\"dateModified\":\"2023-06-09T13:30:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/a-34.png?fit=826%2C447","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/537190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=537190"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/537190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/537194"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=537190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=537190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=537190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}