BNB Coin Breaks Out and Flips Solana; Is $1,000 Still in Play?

BNB coin recently broke its all-time high and flipped Solana in market cap, landing around $790 with a fresh top of $801.83.

While at the time of writing, the token dipped slightly, it was is up 4% earlier and nearly 14% in the past month.

With its total market value crossing $110 billion yesterday and currently at $104.6B, BNB ranked just ahead of Solana’s $98 billion. And suddenly, all eyes are on one number: $1,000.

But this isn’t just about price pumps. Behind the scenes, there’s strong support coming from users, traders, and the chain itself. Let’s break it down.

BSC Usage Is Surging; and That’s Fueling BNB Coin’s Rise

When a coin rallies, it’s important to ask: Are people actually using the network, or is it just hype? For the BNB coin, the answer is clear: the Binance Smart Chain (BSC) is busier than ever.

Last month, the number of active addresses on BSC increased by over 21%, now standing at nearly 3.5 million. That’s not just a spike; that’s the yearly peak. And this matters.

More users mean more transactions, more activity, and more demand for BNB to pay fees or interact with smart contracts.

It’s not just users either; DeFi is waking up too. Total Value Locked (TVL) on BSC is also up 21% this month. TVL tells us how much money is being deposited into BSC protocols like DEXs and lending apps.

When TVL goes up, it usually means confidence is returning. People aren’t just buying BNB; they’re putting it to work.

Exchange Netflows: More Coins Are Coming In, but Pace Is Slowing

Exchange flow data helps us understand how much BNB coin is available to be sold. When a lot of coins are moving onto exchanges, it usually means some people are preparing to sell.

When coins move off exchanges, it’s the opposite; people might be planning to hold long-term or stake.

This week, around $53.16 million worth of BNB coins flowed into exchanges. That’s still a positive inflow, which means coins are being sent to platforms like Binance or Coinbase. But it’s down from $70.29 million last week; a clear slowdown.

Why does this matter?

Because even though some traders are taking profits, it’s not a panic move. If the inflows were rising fast, it might hint at big dumps ahead. But this slow, steady pace tells us that most selling pressure might be cooling off, and that’s a bullish sign.

If this flips to negative netflows where more coins are leaving exchanges, it could signal that buyers are stepping in again and supply is tightening. That kind of setup usually leads to upward pressure on price.

Futures Market: Traders Are Long, but Not Crazy About It

Futures data shows how much risk traders are taking to bet on BNB coin’s price. One key number is the open interest; the total value of all active BNB futures contracts.

Right now, that’s around $1.12 billion. It’s been climbing, which means more traders are entering the market.

But open interest alone doesn’t tell us if it’s healthy. That’s where funding rates come in.

Right now, the volume-weighted funding rate is about 0.0242%. This number tells us how much long traders are paying to hold their positions.

A very high number would mean traders are overly bullish, and that usually leads to corrections.

But this rate is moderate. It means traders expect more upside, but they’re not going all-in with leverage.

And even though the rates are a tad higher than the ideal point of 0.015%, only smaller consolidations are expected if the price corrects.

Price Action: ATH Broken, but Can BNB Coin Reach $1,000?

After climbing for weeks, BNB coin finally broke through its all-time high and touched $801.83. The price now sits near $790, just under that key psychological $800 mark.

This breakout confirms strength; but it doesn’t mean the rally is over.

Looking at the chart, the next big test is the $800 range (psychological). If BNB can close above this zone with low exchange inflows, the chart points to two important targets:

• $888 — the 1.618 Fibonacci extension and a classic resistance zone.
• $1,000 — the big round number everyone’s watching.
• $1,066 — the 2.618 Fib extension, a 35% move from current levels.

But rallies don’t go up in a straight line. If BNB coin starts to dip, we watch support levels.

The first zone to defend is $778–$740; the area it just broke out from. That zone flipping into support keeps bulls in charge.

If the price starts falling below $710, momentum weakens. And a deeper move under $669 would break structure completely. That’s the invalidation level; where the bullish setup likely fails, and sellers take over.