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BNB Price Remains Above Key Support Level After Israel-Iran Clash Sparks Risk Asset Flight

While technical indicators show a mixed picture, BNB remains above key support at $640, suggesting potential for upward reversal.

14 Jun 2025, 5.27 p.m. Diterjemahkan oleh AI
BNB price chart (CoinDesk Data)
(CoinDesk Data)

What to know:

  • BNB showed resilience during the market volatility, maintaining a narrow trading range and staying above key support.
  • Mixed technical indicators, with a negative MACD and RSI below 50, but a potential golden cross and positive Chaikin Money Flow.
  • Aggressive sell pressure indicated by 'Net Taker Volume,' but Binance Smart Chain’s trading volume increase hasn’t translated to new BNB demand.

Binance Coin is showing resilience after a stormy week for financial markets, as Israel attacked Iran in a bid to limit its nuclear program and missile capabilities, leading to a large-scale missile attack in response.

The conflict saw investors flee risk assets and led to more than $700 million in liquidations in the crypto market in just 24 hours, according to CoinGlass. BNB, however, managed to maintain a narrow trading range of just over 1%, resisting a broader altcoin pullback.

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BNB, after the sell-off, failed to break above $660, its immediate resistance level according to CoinDesk Research's technical analysis data model, and has since been consolidating within a symmetrical triangle pattern.

Despite the setback, the coin has stayed above key support at $640, a zone aligned with the 78.6% Fibonacci retracement level. Trading volume analysis suggests sellers dominate near $655.5, while a buyer base forms around $649, the model shows.

Technicals signal a mixed picture. The Moving Average Convergence Divergence (MACD) turned negative, and the Relative Strength Index (RSI) sits just under 50, hinting at fading momentum.

Yet the 50/200-day moving averages are nearing a golden cross, and the Chaikin Money Flow indicator remains positive, a setup that has historically preceded upward reversals, according to the model.

But sentiment around BNB isn’t all bullish. Net Taker Volume, a gauge of aggressive sell pressure, hit a multi-week low of -$197 million.

Meanwhile, even as Binance Smart Chain’s perpetual trading volume rose exponentially month-over-month, this activity doesn’t appear to have sparked new demand for BNB. Futures open interest remains down more than 30% from its December peak.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Ano ang dapat malaman:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin’s weakness versus gold and equities puts quantum computing fears back in focus

Quantum Computing Optics (Ben Wicks/Unsplash, modified by CoinDesk)

Some investors have revived concerns that quantum computing could threaten bitcoin, but analysts and developers say recent price weakness reflects market structure.

Ano ang dapat malaman:

  • Bitcoin’s recent price stagnation has sparked a renewed debate over quantum-computing risks, with investor Nic Carter arguing that quantum fears are already shaping market behavior.
  • On-chain analysts and prominent investors counter that the slowdown is better explained by large holders taking profits and increased supply hitting the market around the $100,000 level.
  • Most bitcoin developers still view quantum attacks as a distant, manageable threat, noting that proposed upgrades like BIP-360 provide a path to quantum-resistant security and are unlikely to explain short-term price moves.