Dec 2, 2025
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Binance Coin (BNB) Faces $20M Long Position Risk Below $805 Support
Key Developments for BNB:
- BNB dropped 6%, trading below the $810 support level as of December 1, continuing its decline from November.
- According to Coinglass, bears control the market with $228 million in short positions compared to $60 million in long positions.
- A critical cluster has formed at the $805 price level, with $19.9 million in active long contracts, representing over 33% of bullish exposure last month.
- The Breakout Probability indicator shows a bearish sentiment, with a 34.88% upside potential against a 47.50% downside risk.
- The RSI is at 58.81, indicating cooling strength but not oversold conditions, leaving room for further selling pressure.
- A break below the $805 cluster could trigger significant liquidations and a potential drop towards $700.
- An upside recovery above $875 is necessary to counteract bearish momentum and target $1,050.
Strategic Moves by Binance:
- Nina Rong has been appointed as Executive Director of Growth at Binance and will appear at the Binance Blockchain Week starting December 3.
- Co-founder Changpeng Zhao supports Nina's appointment, highlighting BNB Chain's strengths like 695 million unique addresses and over 2 million daily active users.
