First glance: structure

#BNB just did a clean intraday trend leg:

Strong push from ~592 → 605

Higher highs + higher lows

MA curving up underneath price

That’s not noise. That’s initiative buying.

But now we’re at the part where markets ask:

“Continuation… or distribution?”

The thing that jumps out 👇

🟢 Order book = 93.6% bids

🔴 Only 6.3% asks

That is extreme imbalance.

When you see this, it usually means one of two things:

Scenario A — Support is being built

Large players are layering bids to:

Absorb pullbacks

Prevent deeper retrace

Keep structure intact for continuation

This often happens before another leg up.

Scenario B — Liquidity magnet trap

Sometimes heavy bids are meant to be seen.

They:

Create confidence

Attract longs

Then pull bids and let price drop into thin air

But this tends to happen when price is overextended.

Here, we just had a controlled trend, not a vertical blowoff.

Right now, Scenario A has slightly higher probability.