BNB Whale Activity Triggers Potential Recovery Rally

Binance Coin (BNB) has been under pressure since it failed to reclaim the $632 resistance level last week, causing it to drop below its support level of $600 and trade at a four-day low of $592.

However, whales appear to be positioning themselves for a potential recovery, with one notable example being a wallet linked to TechnoRevenant that sold 492 Tether Gold (XAUT) worth $2.05 million and used the proceeds to buy 3,457 BNB at an average price of $595.

This move suggests that some investors view BNB as offering stronger upside potential than XAUT at current levels.

According to CryptoQuant's Spot Average Order Size metric, whale-sized orders have remained elevated for seven consecutive days, indicating sustained participation from large traders.