Weakening signals for BNB intensify: $855 support level breaks down, accompanied by deterioration in technical and chain indicators

Current Situation: Overlapping Signs of a Complex Bearish Trend

BNB is currently trading around $847, and the slight correction yesterday is being interpreted not as a simple “pause” but as a genuine signal of a bear market. On-chain data, futures market indicators, and technical momentum are all weakening simultaneously, significantly increasing short-term downside risks.

What is particularly noteworthy is the weakening of institutional buy sentiment and the expansion of short-term volatility trading centered on retail traders. This configuration suggests that price volatility could become more unpredictable.

Evidence of Bearishness in the Futures Market

According to CryptoQuant data, the Futures Average Order Size( has increased. This is generally interpreted as a sign of growing retail participation, indicating an increase in small-scale individual traders’ activity. Coupled with a decline in large orders from institutional investors, concerns about market stability are rising.

More importantly, the Futures Taker CVD) (Cumulative Volume Delta) has entered a clearly sell-dominant phase. This means that, based on market prices, sell executions are consistently outpacing buy executions, suggesting that even attempts at short-term rebounds may face strong resistance at higher levels.

Signals from Negative Turn in Funding Costs

Data from Coinglass shows that BNB’s OI-Weighted Funding Rate( has turned negative since Monday, currently at -0.006% as of Tuesday.

This indicator indicates a structure where short positions are paying long positions. In other words, bears are gaining an advantage over bulls in the market. This could lead to a clearer signal of short covering) (buying back short positions), which explains why traders are highly sensitive to this change.

Historically, when funding rates turn negative, BNB has experienced sharp declines afterward. Therefore, the current negative shift serves as an important warning signal for traders.

Technical Indicators: $844 as the Last Bastion

Chart analysis shows BNB continuing its bearish trend within a downward trendline formed since mid-October. On Monday, it tested the daily support at $844 but failed to hold it.

The RSI is at 39, below the neutral 50 level, reflecting ongoing selling pressure. The MACD lines are converging, increasing the likelihood of a bearish crossover, which could accelerate the downward trend if confirmed.

( Key Support Scenario

• If the $844 daily close is broken: There is a high probability that the price could further decline toward the weekly support at $709.29.
• Rebound scenario: The 50-day EMA at $923.14 will act as the nearest resistance. A break above and sustained hold above this level could weaken the short-term bearish momentum.

Points for Traders to Watch

Currently, BNB faces a “triple threat” of technical weakness, bearish signals in the futures market, and worsening funding costs. The increase in retail trading activity raises the potential for volatility expansion, making leverage position management crucial at this stage.

Traders holding positions should closely monitor whether the $844 support is broken. Those aiming for a rebound should consider the $923 resistance as a key level for decision-making.