Binance Coin Price Dips as Market Enters Reset Phase

The price of Binance Coin (BNB) has been experiencing a decline in recent days after reaching high volumes in both spot and futures markets.

A closer look at the on-chain volume bubble maps shows that the cryptocurrency's market is transitioning from an overheated phase to a cooling one. This transition historically signals a reset phase, which can precede a base formation.

The current market conditions are characterized by sell pressure dominating the tape, with aggressive buyers stepping aside and large-scale whale aggression decreasing compared to prior peaks.