BNB hits $883 ATH – Can it break $1K despite THIS hurdle?
The post BNB hits $883 ATH – Can it break $1K despite THIS hurdle? appeared on BitcoinEthereumNews.com.
Key Takeaways BNB printed a new ATH as bulls re-group for a potential move above $900. With a whopping $2 billion inflows in August, is $1K next on the line? Binance coin [BNB] has printed a new all-time high (ATH) of $883 after a relief rally on the 20th of August. The altcoin jumped 5.45% to $881 on the day, briefly extending gains to $883 before showing signs of a slight pullback. At press time, the coin was trading at $850. With this momentum, the key question now is whether BNB can break through the $900 barrier and reach the psychologically significant $1000 mark. Source: BNB/USDT, TradingView Crypto treasury demand woes, but skew remains bullish Both Bitcoin [BTC] and Ethereum [ETH] have enjoyed multiple demand from crypto treasuries and ETFs. The same trend has been observed in Solana [SOL]. However, BNB’s momentum may face a temporary setback. Windtree Therapeutics recently announced a $500 million plan for a BNB treasury. But Nasdaq has issued a notice to delist Windtree’s common stock due to non-compliance with listing requirements. As of now, the company has not clarified how this delisting will affect its BNB treasury initiative. Given that Windtree is the first firm to launch a BNB treasury, this uncertainty could dampen demand in the short term. Despite this, market sentiment around BNB remains bullish. A sharp rise in Delta Skew for 1-week and 1-day tenors indicates strong demand for short-dated call options, bullish bets. Moreover, over $2 billion flowed into the BNB market in August. Realized Cap surged from $88 billion to a record $90.4 billion in just three weeks, highlighting growing investor interest in the altcoin. Source: Glassnode When zoomed out on the price charts, the immediate hurdle was the multi-year trendline resistance since 2021. Since the 2.618 Fib extension level…
Filed under: News - @ August 22, 2025 2:27 am