Binance News: BNB Price Consolidates Below $640 Resistance as Trading Volume Drops

Binance Coin (BNB) Price Prediction for March 24

In the last 24 hours, BNB’s price has consolidated with sellers defending a push above $640. Buyers aim for an upward correction, targeting a retest of resistance at $640. Trading volume has dropped by 15.15% to $1.36 billion. Despite facing increasing downward volatility since February 3, BNB is recovering with a bullish rally, with its market cap surging by 0.9% to $89.6 billion. However, sellers have gained control, keeping the price stuck below $640.

Bitcoin Holders’ Resistance to Panic Selling and Its Impact on BTC’s 2025 Outlook

Bitcoin holders are refusing to panic sell, which is indicated by BTC’s daily on-chain transaction volume in profit. The BTC liquidation heatmap on Binance provides insights into Leveraged positions and market stability. The supply in loss (%) offers critical insights into market sentiment and price behavior. In early 2022, during a bearish phase, the supply in loss peaked at 21.9% as Bitcoin dropped below $20K, reflecting strong selling pressure. As the price fluctuated between $20K and $30K throughout 2022 and 2023, the supply in loss stabilized between 10–15%, indicating reduced but persistent selling pressure. By mid-2024, as Bitcoin surged toward $70K, the supply in loss declined steadily, falling below 5% by early 2025 as the price reached $94K. This downward trend suggests decreasing selling pressure and potential market stability.