BNB Stages Comeback: Binance Coin Surges from Lows as Wall Street Warms to Crypto

Binance Coin shakes off bearish pressure with a 24% rebound—just as institutional money starts flowing back into crypto. The exchange token now flirts with its 200-day moving average, a key technical level traders watch for trend reversals.

Wall Street's sudden crypto cravings

Hedge funds and family offices are quietly accumulating BNB futures, with open interest climbing 18% this month. The smart money's betting on Binance's ecosystem outlasting regulatory headaches—though skeptics note the same institutions were dumping crypto just three quarters ago.

Technical breakout or bull trap?

The rally faces its first real test at the $650 resistance zone. A clean break could signal fresh upside, while rejection here would confirm the move as another dead-cat bounce. Either way, the price action proves crypto's favorite pastime: violently disproving its obituary writers.

The quick rebound brought BNB back above key support levels. Trading volume of $1.03 billion has supported the upward movement from the weekend lows.

The selloff on June 22 marked a possible capitulation point for traders. BNB briefly touched levels below $600 before buyers stepped in to support the price.

Institutional Investment Plans Drive Interest

Nasdaq-listed chip designer Nano Labs announced plans to acquire BNB through a $500 million convertible note agreement. This represents part of the company’s long-term crypto investment strategy.

🚨 Announcement#NanoLabs has entered into a $500M convertible notes purchase agreement to launch our $BNB Strategic Reserve. $NA

🔗https://t.co/bj4nbzDUrq pic.twitter.com/i3ezU3MrcV

— Nano Labs (@NanoLabsLtd) June 24, 2025

The firm stated it WOULD assess BNB’s security and utility before purchasing up to $1 billion worth of the cryptocurrency. Nano Labs aims to hold between 5% to 10% of BNB’s total circulating supply long-term.

BNB’s circulating supply currently stands at 140.88 million tokens. The institutional interest has helped boost market sentiment around the token.

A separate group of hedge fund veterans is targeting $100 million in funding to invest directly in BNB. Patrick Horsman, Joshua Kruger, and Johnathan Pasch plan to accumulate BNB through Build & Build Corporation.

The team formerly worked with Coral Capital Holdings. Their new company seeks an eventual Nasdaq listing.

ETF Filing Adds Regulatory Optimism

VanEck filed for a spot BNB ETF in the United States. Analysts place the approval odds for altcoin ETFs at around 90%.

If approved, the ETF could channel institutional capital into the BNB ecosystem. Market participants view this as a potential catalyst for future price movements.

The regulatory development comes as crypto ETFs gain broader acceptance. Bitcoin and ethereum ETFs have already received approval from regulators.

Technical indicators show mixed signals for BNB’s near-term direction. The RSI sits NEAR 45, suggesting recovery from mildly oversold conditions.

Immediate resistance appears near $647, followed by $670. Bollinger Bands are tightening with price attempting to reclaim the 20-day moving average.

The MACD remains in bearish territory but shows signs of a potential crossover. Open interest in derivatives markets climbed to 3.32 million contracts during the recovery.

This increase suggests traders are gradually re-entering positions. However, leverage levels remain lower than previous peaks above 3.36 million contracts.

BNB has declined approximately 12.38% year-to-date from its high of $745.29. The token needs to clear resistance at $650-$660 to establish a new bullish trajectory.

The Chaikin Money FLOW indicator sits at 0.05, showing mild capital inflow. Stronger signals would be needed to confirm a sustained uptrend reversal.

Current price action reflects consolidation near the $600 support zone. Any failure to maintain support above $630 could trigger a retest of lower levels.