$BNB
BNB 260206 800 Call option under strong bearish pressure in the short term. The last traded price is 2.30, reflecting a sharp −64.6% decline, while the mark price remains much higher at 8.59, indicating significant volatility and possible liquidity gaps. On the 30-minute timeframe, price is trading well below all key moving averages (MA7 ≈ 5.15, MA25 ≈ 5.47, MA99 ≈ 5.54), confirming a clear bearish trend and loss of bullish momentum. The recent spike toward 7.10 was aggressively rejected, followed by heavy red candles, suggesting strong selling interest at higher levels. Volume shows a sudden surge on the sell side, reinforcing panic or forced exits rather than healthy distribution. Overall, the structure implies weak buyer confidence, high theta decay risk for call holders, and unless BNB spot makes a fast, strong upside move, this option is likely to remain under pressure or continue losing value.