BNB Sentiment Turns Bullish as Inflows Rise and Shorts Cluster Near $639, Suggesting Possible Breakout
The post BNB Sentiment Turns Bullish as Inflows Rise and Shorts Cluster Near $639, Suggesting Possible Breakout appeared on BitcoinEthereumNews.com.
Binance Coin (BNB) sentiment turns bullish as inflows increase and short positions cluster between $623 and $639, signaling potential market shifts. Investor confidence is rising, reflected by a net positive inflow of $4.60 million and a growing long-side bias among retail traders. According to CoinGlass data, short liquidations are concentrated near key resistance levels, indicating a possible short squeeze if bulls sustain momentum. BNB sees bullish inflows and growing long positions, with shorts clustered near $639. Rising options interest hints at volatility ahead for Binance Coin. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); BNB Inflows and Long Positioning Signal Growing Bullish Momentum Binance Coin has experienced a notable shift in market dynamics, with inflows reaching $4.60 million on June 8th, surpassing outflows of $3.69 million. This net positive inflow underscores increasing investor confidence in BNB’s near-term prospects. The alignment between crowd sentiment and smart money further reinforces this bullish outlook, a convergence that often precedes sustained price movements. Retail traders have demonstrated a strong preference for long positions, with over 62% of BNB/USDT accounts holding longs. The Long/Short (Accounts) Ratio of 1.64 indicates a pronounced skew towards bullish bets. While this positioning supports potential upside, it also raises cautionary flags about vulnerability to a long squeeze should price momentum falter. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘,…
Filed under: News - @ June 9, 2025 6:28 am