Binance’s BNB Shows Bullish Signals as On-Chain Metrics Indicate Strong Accumulation

BNB is gaining traction as market sentiment improves, with key on-chain metrics suggesting sustained buying interest despite resistance near $600. Large holders appear to be accumulating during dips, fueling Optimism for a potential breakout.

BNB Price Breakout Above $600? On-Chain Metrics Hint at Bullish Momentum

BNB is experiencing buying demand as overall market sentiment turns positive. Although the price is currently facing resistance below the $600 level, buyers are expected to overcome this barrier. Large holders continue to accumulate BNB during the recent price correction, sustaining momentum across various on-chain indicators and supporting the ongoing recovery. While many altcoins have dropped significantly from their all-time highs, Binance Coin (BNB) has shown strong buying demand, suffering much smaller losses alongside Bitcoin. This strength has made BNB a preferred altcoin for accumulation.

Crypto News: Binance Alerts Indian Users on New KYC Requirement

Binance has announced that all users in India, both new and existing, must complete a Know Your Customer (KYC) re-verification process. This step aims to meet global compliance standards and strengthen account security. In line with India’s anti-money laundering (AML) laws, Binance is requesting users to provide valid PAN (Permanent Account Number) details. The exchange assured users that any personal information submitted will be handled securely and only used to meet legal obligations.