BNB May Reclaim All-Time High as Circulating Supply Hits 20‑Month Low and On‑Chain Demand Rises

• BNB supply contracted to ~139.2M, lifting scarcity pressure.

• On‑chain users and transactions rose, supporting organic demand.

• Spot buy volume exceeded sell volume; exchange netflow showed withdrawals, suggesting accumulation (data: CryptoQuant, Dune, Coinalyze, CoinGlass).

BNB rebound: Binance Coin shows renewed buying and declining supply—read analysis, indicators, and key support levels for traders. Follow COINOTAG for updates.

What is driving the current BNB rebound potential?

BNB rebound is driven by a decline in circulating supply to a 20‑month low, sustained token burns, and elevated on‑chain activity that supports spot accumulation. These factors increase scarcity and organic demand, improving the probability of further upside while momentum indicators require monitoring.

How significant is the drop in BNB circulating supply?

CryptoQuant reports BNB’s circulating supply at approximately 139.187 million, the lowest since January 2023. This decline results from scheduled burns and net outflows from exchanges, creating deflationary pressure that can reduce selling pressure over time.

Why has on‑chain activity spiked for BNB?

On‑chain metrics from Dune indicate a weekly average of ~10.7 million active BNB users and a 13.6% week‑over‑week rise in transactions (96.83 million). Increased users plus higher transactions typically signal real demand and network utility growth.

What does spot market flow tell us about investor behavior?

Spot metrics show stronger buy demand: Coinalyze recorded ~21.38k in Buy Volume vs 18.25k Sell Volume, while CoinGlass noted a negative Spot Netflow of approximately -$6.27M at press time (three‑day netflow -$10.18M). These are signs of spot accumulation and withdrawals from exchanges.

How do token burns affect BNB price dynamics?

Binance’s burn program has eliminated roughly 62.8 million BNB to date, averaging ~1.5M per quarter. Persistent burns reduce circulating supply and create deflationary pressure that, given steady or rising demand, tends to support higher price levels.

What technical indicators warn of a pullback?

TradingView‑derived indicators show a bearish DMI crossover (DMI ~27) and a flipped Stochastic RSI (~79). These suggest potential buyer exhaustion. If selling pressure grows, $883 appears as a near‑term support to watch for deeper retracement.

Will BNB reach another all‑time high?

Given the supply decline, stronger on‑chain metrics and spot accumulation, BNB is positioned to attempt reclaiming recent highs (near $944). However, the outcome depends on whether momentum indicators recover and on broader market conditions.

Frequently Asked Questions

Is BNB accumulation visible on exchanges?

Yes. Exchange metrics show net outflows and a positive spot buy delta, consistent with increased accumulation. Data reference: Coinalyze and CoinGlass (plain text).

How should traders manage risk on a possible pullback?

Use defined positions, watch momentum indicators (DMI, Stochastic RSI) for bearish crossovers, and place stop levels below $883 for short‑term risk management. Consider scaling in on confirmed support retests.

Key Takeaways

• Supply squeeze: BNB circulating supply is at a ~20‑month low, increasing scarcity.
• Demand evidence: On‑chain activity and spot buy volume point to organic accumulation.
• Watch momentum: DMI and Stochastic RSI warn of short‑term exhaustion; $883 is key support.

Conclusion

BNB’s fundamentals—falling circulating supply, token burns, rising on‑chain activity and spot accumulation—support the case for a potential BNB rebound. However, traders should monitor momentum indicators and $883 support. COINOTAG will continue tracking on‑chain and market flows for updates.