BNB is just shy of its $851.98 all-time high, with solid gains this week.

Whale stablecoin holdings drop as large players enter the market.

Trading volume and open interest show a rise in confidence.

Binance Coin (BNB) reached a new high at $851.98. Currently trading at $843.57. The token remains 7% higher than the previous day and 12% higher than it was for the past week. Considering that it is a little lower than its all-time high, whatever rally there is still looks robust by not giving up easily.

CoinGlass data indicates trading volume surged by more than 260%, to $2.63 billion. Open interest also increased by close to 33%, to $1.62 billion.

Options activity also increased; volume and open interest rose by 20% and 35%, respectively. The statistics are indicative of increased interest, with additional traders joining both spot and derivative segments.

BNB Sees Stealth Rally Led by Big Players, Not Social FOMO

But what’s striking is how quiet the online chatter has been. Despite the price surge, social media mentions of BNB have dropped. According to Santiment, BNB’s share of crypto talk is just 0.18%, lower than expected for such a bullish move. This quiet climb suggests that the rally is being led by larger investors rather than hype-driven retail traders.

While social media stays silent, whale wallets are making moves. Large holders, those with over $5 million, are reducing their stablecoin holdings. Data shows a drop to 51.21%, down from earlier levels of around 57%. That means they’re not sitting on the sidelines anymore; they’re actively buying.

This drop in stablecoin reserves is a strong signal that whales are putting money to work. It’s also happening as prices push higher, reinforcing the idea that this isn’t a short-term pump.

Instead, it looks like a shift driven by steady accumulation. These kinds of rallies, where the big players quietly build positions, often last longer and avoid the usual retail hype cycle.

Also Read: BNB Leads Institutional Race with $1.2 Billion Demand, Surpassing ETH

BNB Holds Strong Above Key Averages, Eyes $1,000 Breakout

Technical charts suggest that BNB is overall solid. It’s well above all major moving averages, 20, 50, 100, and 200 weeks, further confirming good support below. MACD also seems robust, with the main line above that of the signal line and the histogram up. That’s a sign of growing momentum.

RSI is at 72.42, just overbought but not excessively so. During powerful bull trends, this level often persists for a while without precipitating significant pullbacks. On-chain data agrees, as the social metrics are peaceful and whale activity remains constructive.

The Chaikin Oscillator is also above zero, suggesting that there is still more inflowing money than outflowing money. The PPO chart displays one final indication of strength to affirm that this trend is still higher.

In such a case, BNB could retest $880–$900 very soon. A move past that level could keep the $1,000 level in view with further potential of $1,100–$1,250 later this year if sentiment remains generally upbeat.

Also Read: BNB Rockets to $800: Is $2,000 the Next Explosive Milestone?

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Filed under: Bitcoin - @ July 28, 2025 4:26 am