Rising Active Addresses and $20M Exchange Outflows Boost BNB’s Move Toward New Highs
Binance Coin (BNB) is showing bullish momentum after active addresses on the BNB Chain rose 6.7% to 10.8 million last week. On-chain volume surged to $1.988 billion daily, and investors withdrew approximately $20 million of BNB from exchanges into private wallets over 48 hours, tightening supply. Derivatives data reinforce the uptrend: open interest–weighted funding rates stand at a positive 0.0099%, signalling that longs are paying shorts. Key technical support lies in the $855–$850 range, where a pullback could offer accumulation before a fresh rally attempt. With improved liquidity flows and strong on-chain metrics, BNB has a high probability of challenging previous all-time highs. Traders should watch exchange flows, funding rates, and the $855–$850 zone for entry opportunities.
Bullish
The combination of a 6.7% rise in active addresses, $20 million of net exchange outflows, and positive funding rates mirrors past bullish setups for BNB. Historically, similar on-chain expansion and tightening of exchange supply have preceded rallies to new highs. Short-term, these metrics support immediate upside as supply diminishes and demand picks up. In the long term, sustained address growth and healthy derivatives positioning can drive momentum above previous peaks. Traders reacting to comparable on-chain signals—such as in early 2023—entered around support zones and saw significant gains. Monitoring these indicators now offers a high-probability framework for a renewed BNB advance.