BNBUSDT Binance will list YALAUSDT and CARVUSDT perpetual contracts with up to 50x leverage. YALA and CARV are already listed on the Binance Alpha market. YALA is a BTC lending protocol; CARV is an AI data layer.
BNBUSDT Binance has released its 33rd Proof of Reserves report (snapshot date: August 1), showing user BTCUSDT holdings at 591K BTC, up 2.99% from the previous snapshot (July 1) with an increase of 17.1K BTC; user ETHUSDT holdings at 4.555 million ETH, down 9.84% with a decrease of 496K ETH; and user USDT holdings at 29.85 billion USDT, up 0.87% with an increase of 258 million USDT.
Although BNB has approached the correction level of its last impulsive move, it hasn’t yet completed this correction. Another pullback might occur. We’re already talking about a BNB that’s making new ATHs one after another.
If you ask my opinion, I’m not sure if I would buy a project that has already hit an ATH, especially when there are many others that haven’t reached their ATHs yet or are still below them. But to be clear—BNB hasn’t finished its correction. For that to happen, it needs to pull back to the $812 level. If that correction completes, the target will be $896.
There are a lot of imbalance gaps in BNB. Since I won’t be opening any position, I don’t recommend opening one either.