Bulls go 3-to-1 on BNB longs while price politely retests the $566 support zone 🐂

Long-positioned traders on Binance maintained overwhelming upside conviction on BNB even as the token retested its key demand zone between $566.69 and $573. According to CoinGlass analytics, 75.72% of top-trader accounts held long positions versus 24.28% short, pushing the Long/Short Ratio to 3.12. That positioning persisted despite fresh on-chain concerns after the Humanity Protocol exploiter swapped 130 ETH, worth roughly $221,000, into 382 BNB and appeared positioned to convert additional funds.

Exchange flows reinforced the bullish lean. Netflow data showed a daily net outflow of approximately $2.04 million, indicating more BNB left trading platforms than entered them. Persistent spot outflows typically coincide with reduced immediate selling supply, as holders move tokens away from venues where quick distribution is possible.

Derivatives data, however, exposed the risks of a crowded long book. Long liquidations reached approximately $452,470 during the latest session, compared with just $2,360 in short liquidations. The imbalance showed that leveraged bulls absorbed the bulk of losses as price revisited lower levels, rather than forcing bearish positions out of the market.

The relatively modest size of those liquidations, when measured against historical spikes, suggested traders had not abandoned their bullish thesis despite repeated downside tests. BNB continued retesting the $566.69–$573 demand area as buyers worked to stabilize price action following the sharp decline from earlier highs.