Binance Coin (BNB) continues to show resilience in a volatile crypto environment, holding firmly above the $640 level. The bounce from $639 comes amid an all-time high in verified active users and a clear rise in bullish futures sentiment. With growing participation from both retail users and large investors, BNB’s price outlook now leans toward a potential revisit of $674 — provided momentum remains intact.

This recent price defense is more than just technical noise. It’s backed by meaningful growth in network usage, real user activity, and a surge in large-position futures trading, suggesting renewed confidence in BNB’s ecosystem.

Let’s explore what’s driving this upswing and what to watch next.

BNB Price Bounces Back After Middle East-Driven Dip

Earlier this week, BNB faced selling pressure that dragged the price from a local high of $673 down to $639. The decline coincided with heightened geopolitical tension in the Middle East, which rattled global risk markets, including crypto.

But unlike previous dips, BNB didn’t break below its crucial support zone. Instead, it rebounded and has since traded just above the $640 mark — signaling that buyers stepped in quickly.

This rebound wasn’t just a result of temporary price action; it reflected broader strength within the Binance ecosystem.

1.7 Million Verified Users Show Real Demand Is Rising

According to Artemis data, BNB’s non-Sybil users — which filters out bots and airdrop-hunting wallets — have reached an all-time high of 1.7 million. This metric is critical because it represents actual, engaged users on the Binance Chain.

Why does this matter?

Because in crypto, many network activity spikes are inflated by automation. But in BNB’s case, it’s real people using real applications.

At the same time, daily active addresses jumped to 2 million — a monthly high. New wallets also spiked to 595,700, showing that not only are current users active, but new participants are entering the ecosystem in large numbers.

Historically, surges in new and active users often precede price increases, especially when adoption is organic and sustained.

Strong On-Chain Support from Genuine Activity

Unlike token pumps driven by hype or external partnerships, BNB’s recent activity stems from foundational network engagement. The data points to a rise in utility across the Binance Chain.

Developers and projects continue to build, deploy, and attract users within the BNB ecosystem, contributing to these record highs.

This includes DeFi platforms, NFT marketplaces, and AI-integrated tools that use Binance Smart Chain for speed and cost efficiency.

And because these trends involve real usage, they create sustainable value rather than short-lived speculation.

Futures Market Signals: Bulls Are Back

Alongside organic user growth, the derivatives market shows growing confidence in BNB’s price direction.

Data from CryptoQuant reveals a dominant buyer presence in BNB’s futures taker CVD (Cumulative Volume Delta) over the last 90 days. This means most futures market participants have taken long positions rather than betting on a decline.

Additionally, the average order size in futures trading has grown — a clear sign that institutional players or crypto whales are re-entering the market with large bets.

More than 73% of all BNB futures contracts are now long. That number reflects high conviction from large investors expecting continued upward momentum.

The combination of growing users and increasing futures leverage suggests that the crypto community sees more upside potential for BNB in the near term.

Why $674 Could Be the Next Target

The last time BNB witnessed a similar surge in real users was on May 6. Following that, the price shot up to $692 after breaking out of consolidation.

Now, with the same user metrics — or even higher — repeating, market watchers are eyeing a potential move toward the $674 level again.

But to reach that level, BNB needs continued support from the user base, steady whale activity, and a cooperative macro environment. Bitcoin’s price action often plays a role too, especially since broader market sentiment still hinges on BTC’s performance.

If Bitcoin remains above $104,000 and market conditions stay favorable, BNB could ride the wave and attempt to break $674 resistance.

What If Bullish Momentum Fades?

Despite the positive outlook, there are risks. If new users taper off or whale interest declines, BNB may struggle to maintain current levels.

In that scenario, a pullback toward $639 is likely. This zone remains the primary support level, and traders will be watching closely to see whether it holds in the coming sessions.

A breakdown below that could open the door to further losses, possibly revisiting previous consolidation ranges near $610–$620.

However, at present, there are no strong signs of such weakness. BNB continues to benefit from a favorable mix of utility-driven demand and institutional support.

Investor Confidence Grows Beyond Price Action

BNB’s recovery also aligns with broader confidence in Binance as a platform. Despite regulatory challenges and shifting global dynamics, Binance has remained one of the most trusted and widely used exchanges worldwide.

Its growing ecosystem — spanning DeFi, NFTs, gaming, and more — positions it as a hub of innovation. That’s why users are not only returning but increasing in numbers.

Projects continue to deploy on BNB Chain due to its speed, scalability, and low fees, which also feed into BNB token demand. More users mean more transaction fees, and BNB remains central to this ecosystem’s economic model.

The Road Ahead: What to Watch

Looking forward, here are key signals to monitor:

1. User Metrics: Continued growth in daily active addresses and non-Sybil users would confirm long-term adoption.

2. Whale Activity: An increase in large futures orders and long positions can drive the next breakout.

3. Bitcoin Price: BTC’s movement will influence altcoin momentum. If Bitcoin remains bullish, BNB likely follows.

4. Technical Levels: $674 remains the next key resistance. Support sits firmly at $639 — a break below would signal weakness.

5. Ecosystem Updates: Project starts, integrations, or real-world use cases will reinforce BNB’s value proposition.

Conclusion: BNB Eyes Higher Ground, But Support Must Hold

BNB’s recent price action isn’t just another short-term rally. It’s underpinned by record-setting user engagement and meaningful investor participation.

With non-Sybil users at an all-time high, futures longs dominating, and a healthy bounce from the $640 level, BNB is setting the stage for a move toward $674.

However, continuation depends on sustained demand and broader market cooperation. If user momentum fades or macro risks re-emerge, a retest of $639 support becomes more probable.

But as of now, all eyes are on BNB’s next leg — and it could be a decisive one.