Binance Coin (BNB) has reached a new all-time high of $880, marking a major milestone for the cryptocurrency. The rally was fueled by institutional purchases, tighter supply on exchanges, and bullish momentum across technical indicators.
Institutional buying fuels surge
Recent filings revealed that Nasdaq-listed BNB Network Company acquired 325,000 BNB tokens worth approximately $283 million. This move followed a $60 million allocation by Windtree Therapeutics, intensifying demand and reducing circulating supply.
Exchange supply drops
Data shows that the proportion of BNB held on exchanges has fallen from 28.5% to 22.6%, tightening liquidity and pushing prices higher. The supply squeeze has created favorable conditions for a price breakout.
Technical momentum points higher
BNB broke through resistance at $869 on August 19, supported by its 7-day moving average at $840.57. Analysts highlight that the next Fibonacci resistance sits around $905.75, while momentum indicators like MACD remain bullish.
Market context
The latest peak surpasses the previous record of $869.29 set just days earlier. On August 20, BNB recorded an intraday high of $880.88, cementing its status as one of the strongest performing large-cap cryptocurrencies this month.
The question now facing traders is whether BNB can extend its gains above $900 or if near-term overbought signals will prompt a corrective phase.
Sources
- CryptoDnes – BNB hits all-time high at $880 amid supply squeeze and ecosystem boom (Aug 2025): cryptodnes.bg
- Investing.com – BNB Historical Data (Aug 2025): investing.com
