BNB Hits New All-Time High, But Profit-Taking Risk Emerges

The BNB price has achieved its third all-time high this month, recently peaking at $1,223 after a significant 21% weekly rally, making it one of the top-performing cryptocurrencies. This strong uptrend has set its sights on the $1,300 mark.

Signs of Short-Term Sell Pressure

Despite the strong momentum, on-chain data shows early signs of profit-taking by holders. Within a 48-hour window, approximately 4 million BNB (worth over $4.8 billion) were moved to exchanges. This influx suggests that short-term traders are likely securing gains, a typical action following sharp rallies.

This selling pressure is mirrored in technical indicators, as the Relative Strength Index (RSI) has crossed the 70.0 mark, indicating overbought conditions. Both the selling volume and the RSI suggest the upward momentum may temporarily weaken, potentially leading to a slight correction or cooling phase.

Price Outlook

The BNB price is currently trading around $1,209.

• Bullish Scenario: If investor confidence holds and selling pressure is absorbed, BNB could reclaim the $1,223 ATH and push toward its $1,300 target.
• Bearish Scenario: Intensified selling could trigger a pullback to the immediate support level at $1,147, and potentially a deeper drop to $1,046, erasing some of the recent gains.

Market participants are advised to closely monitor trading volumes and exchange net position changes to gauge the direction of the market's next move.

October 2025, Cryptoniteuae