BNB Slips Below $750 as Market Turmoil Wipes Out Recent Gains
BNB dropped over 1% in the past 24 hours, briefly dipping below the key $750 level before stabilizing, as a sharp market-wide sell-off erased optimism stemming from recent corporate adoption and product announcements.
The pullback coincided with Bitcoin’s decline to $112,800, which triggered more than $360 million in liquidations across crypto markets, according to CoinGlass.
BNB had recently broken through key resistance at $759 and $761, fueled by a surge in trading activity and bullish sentiment tied to Binance’s product developments. A web version of the Binance Wallet and expanded access to Bitcoin options trading had contributed to the rally, which pushed volumes more than 50% above daily averages.
Institutional interest further supported the uptrend. CEA Industries announced a $1.2 billion BNB-linked funding initiative, while Liminatus Pharma and Windtree Therapeutics committed $500 million and $700 million, respectively. Nano Labs also disclosed it had added 128,000 BNB to its corporate treasury.
However, the rally proved short-lived. Selling pressure intensified as BNB retreated from a local high of $769.70, with volume surging past 49,000 tokens during the drawdown—signaling aggressive profit-taking amid heightened market uncertainty.
BNB remains at a critical juncture around the $750 mark, with traders watching for further downside if market volatility persists.
