$BNB hholders and traders ORDER BOOK ANALYSIS
: 77% ASKS AT $612 – 📊
I just pulled up the BNB order book, and the imbalance is staggering.
While Bitcoin is bouncing and alts are recovering, BNB is showing a major supply overhang that every trader needs to see.
The $612.02 wall is critical: 41.329 BNB worth $25,290 sitting there waiting to sell. This is not retail – this is someone with size.
Compared to the ask side, the bids are anemic. The largest bid is only $5,640 at $611.87, while the largest ask is $25,290 at $612.02 THIS SAY S:
Sellers are in control – 77% of the order book is on the ask side. That's not a market ready to pump.
$612 is a magnet – With 41 BNB sitting at $612.02, price will likely test this level. The question is whether buyers can absorb it.
If $612.02 breaks – The next resistance is $612.07 (10.2 BNB), then $612.13 (23.8 BNB). It's a staircase of supply.
If bids fail – Support below $611.87 is thin until $611.00. A break could see a quick drop.
