BNB Tops Ethereum in Active Addresses, Eyeing New All-Time High
BNB has overtaken Ethereum in active daily addresses, reaching 10.8 million—a 6.7% week-on-week rise. The surge on the BNB Chain has driven daily trading volumes to $1.99 billion and 30-day volumes to $58 billion. Over the past 48 hours, investors pulled about $20 million in BNB off exchanges, and derivatives funding rates turned positive at 0.0099%, signaling bullish sentiment. Despite a 2.02% daily price dip to $862, BNB’s monthly gains stand at 13.04%. Chart analysis identifies $855–$850 as key support, with a potential springboard for renewed rallies toward a new all-time high. Traders should watch short-term pullbacks to the ascending trendline for strategic entries. Continued on-chain growth and liquidity inflows suggest BNB remains well-positioned for further upside.
Bullish
The surge in BNB’s active addresses and record trading volumes mirrors past on-chain rallies that preceded all-time highs, such as in mid-2024 when a similar uptick in user activity drove BNB from $300 to over $400. Positive funding rates and significant exchange withdrawals indicate strong bullish positioning among traders. While a short-term pullback to $855–$850 or the ascending trendline may occur, these support levels historically triggered major rallies. In the longer term, sustained on-chain growth and liquidity inflows create a foundation for new highs. Consequently, this news should boost trader confidence, increase long positions, and reinforce a bullish market bias for BNB.