BNB: Is $680 target far-fetched? – Heres what traders are saying

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BNB: Is $680 target far-fetched？ – Heres what traders are saying

Naturally, this shift reflected rising investor confidence, reinforced by the rare alignment between crowd sentiment and smart money.

When both ends of the market converge, conviction usually follows.

Will aggressive positioning expose traders to downside risk？

Retail traders showed a strong bias, with 62.09% of BNB/USDT accounts holding long positions. The Long/Short (Accounts) Ratio stood at 1.64, at press time.

Source: CoinGlass

BNB shorts pile up near $639: Can a breakout above this level trigger a squeeze？

Of course, for this to unfold, sustained buying pressure must continue.

Source: CoinGlass

Does rising Options Open Interest signal incoming volatility？

On top of that, the OI-weighted Funding Rate stayed negative at -0.0042%, meaning shorts were still paying to hold ground.

This disconnect between negative Funding Rates and long-heavy positioning may hint at a short squeeze brewing beneath the surface.