{"id":5492,"date":"2025-07-23T04:53:09","date_gmt":"2025-07-23T04:53:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bnb-hits-801-all-time-high-as-institutional-accumulation-accelerates\/"},"modified":"2025-07-23T04:53:11","modified_gmt":"2025-07-23T04:53:11","slug":"bnb-hits-801-all-time-high-as-institutional-accumulation-accelerates","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bnb-hits-801-all-time-high-as-institutional-accumulation-accelerates\/","title":{"rendered":"BNB hits $801 all-time high as institutional accumulation accelerates\u00a0"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">BNB, the native token of BNB Chain, reached an all-time high of $801 during early Asian trading hours on July 23.\u00a0<\/p>\n<p>The milestone comes after a 4% gain over the past 24 hours and a 14% rise over the past week. At press time, BNB (BNB) is ranked #5 by market capitalization, now exceeding $110 billion. Trading activity around BNB has also surged. Daily volume rose 42% to over $3.2 billion. <\/p>\n<p>According to Coinglass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/BNB\" target=\"_blank\">data<\/a>, BNB futures open interest climbed 19.16% to $1.23 billion, while derivatives volume jumped 33.3% to $2.18 billion. These figures point to a rise in speculative activity, which is often associated with fresh investment and optimism for further growth.<\/p>\n<p>Institutional interest appears to be playing a key role in this breakout. On July 22, Nano Labs Ltd, a Web3 infrastructure firm based in China, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/nano-labs-expands-bnb-strategic-100000453.html\" target=\"_blank\">disclosed<\/a> that it had raised its BNB holdings to 120,000 tokens, valued at approximately $90 million. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The firm executed over-the-counter purchases at an average cost of $707 per BNB and stated that it views BNB as a core strategic reserve asset. Nano Labs says it will continue to build its BNB reserves through further acquisitions and potential investments in entities focused on BNB holdings.<\/p>\n<p>This increase in demand supports bullish forecasts. According to CoinCodex <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coincodex.com\/crypto\/binance-coin\/price-prediction\/\" target=\"_blank\">analysts<\/a>, BNB may reach $1,100 by November 2025 if momentum continues and institutional support remains robust.\u00a0<\/p>\n<p>Technical indicators, on the other hand,\u00a0 show that BNB may be approaching overheated levels despite being on a strong uptrend. BNB is trading above the upper Bollinger Band on the daily chart, indicating significant bullish momentum and high volatility.<\/p>\n<figure class=\"wp-block-image size-large\"><picture decoding=\"async\" class=\"wp-image-14398936\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">BNB price analysis. Credit: crypto.news<\/figcaption><\/figure>\n<p>The relative strength index is well above the overbought level of 70 at 87.54, indicating that buyers are in control but also raising the possibility of a short-term decline.<\/p>\n<p>BNB continues to hold firmly above the 20-day simple moving average, now at $704, indicating a strong uptrend structure. Together with the price, volume has also increased, confirming the move.<\/p>\n<p>BNB may aim for the psychological $850 level if momentum continues, with $900 serving as the next significant resistance level. If RSI cools off or a pullback occurs, BNB may find support near $740 or the 20-day SMA around $705.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB, the native token of BNB Chain, reached an all-time high of $801 during early Asian trading hours on July 23.\u00a0 The milestone comes after a 4% gain over the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5492"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5492\/revisions"}],"predecessor-version":[{"id":5493,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5492\/revisions\/5493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/360"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}