If the bullish momentum holds, BNB could extend its rally toward the $1,400 mark. The RSI stands at 67.6 — just shy of the overbought zone — showing that bullish pressure remains strong and traders are still eager to buy dips.
On-chain data shows liquidity flooding back
According to Santiment, BNB’s breakout wasn’t just a technical move — it came with a surge in on-chain volume that topped $12 billion. Trading activity doubled from roughly $6 billion to $12 billion in just a few sessions, fueling a powerful uptrend.
From late September’s $950 lows to $1,350–$1,370 in mid-October, the coin jumped over 42% in under three weeks. Trading volume spiked to 12.18 billion BNB — the highest level since early 2024 — signaling that market participation is heating up again.
Interestingly, developer activity on Binance’s network dropped to 0.024 during the rally — a clear sign that the move was driven by liquidity and trader behavior rather than new technical updates or product launches. In other words, the market is moving on pure momentum and capital flow.
Shorts pay the price as bulls take control
Data from CoinGlass confirms that bearish traders are getting squeezed. The open interest–weighted funding rate for BNB flipped negative to –0.0227%, meaning short sellers are now paying a premium to hold their positions — a classic sign of a market dominated by bulls.
At the same time, open interest in BNB futures surged to about $2.5 billion, suggesting traders are adding long positions rather than closing them. Combined with high spot trading volumes and strong on-chain activity, this setup points to continued upward pressure. If buyers keep pushing, BNB could test resistance at $1,400 in the coming sessions.
Technical and on-chain signals align
BNB’s explosive climb from $1,085 to a fresh all-time high of $1,370 highlights not just strong technical momentum but a clear return of trader confidence. Both spot and derivatives markets are showing renewed life, with volume and open interest backing the rally instead of fading it.
If this pace keeps up, BNB looks set to make another run at the $1,370–$1,400 zone and wrap up Q4 2025 with style — driven by solid liquidity, upbeat sentiment, and data that all lean bullish