BNB Shows Signs of Recovery Amid Accumulation Phase
Key Takeaways
Binance Coin (BNB) shows signs of a potential recovery. On-chain data suggests an accumulation phase, while long-term investors are largely holding their assets. The price is currently about 20% below its all-time high of $788.
Market Development of Binance Coin
BNB reached its all-time high on December 4, 2024. Since then, the token has lost around 20% of its value, while Bitcoin (BTC) declined by approximately 22% over the same period. Despite the correction, various indicators suggest that BNB may be in a consolidation or accumulation phase.
On-Chain Data and Market Sentiment
According to data from Glassnode, 85.8% of all BNB addresses are currently in profit. This value has remained consistently above 75% since February 2024, indicating a prolonged distribution phase. However, there are no clear signs of a massive sell-off by long-term investors.
Long-Term Investors and Their Strategy
The “Coin Days Destroyed” (CDD) indicator shows only occasional spikes, most recently in March 2025. This suggests that older coins have only been moved sporadically, with no widespread distribution. Compared to the strong movements in May and June 2024, current activity remains moderate.
Net Unrealized Profit/Loss (NUPL) and Market Psychology
The long-term NUPL indicator currently signals “fear”—a state last observed in February 2021. This means that many investors are holding unrealized losses, even though the price is fluctuating around the $600 mark. Historically, this could indicate an impending market bottom.
MVRV Ratio and New Market Participants
The MVRV ratio (Market Value to Realized Value) has remained stable at around 1.2 since October 2024. Even the price gains up to December did not significantly increase this value. This suggests that new buyers are continuously entering the market while long-term investors are holding their assets.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Sea Slots – The Best Ocean-Themed Slots
Reading time: ~ 2 minutes
-
Online Casinos in Vietnam
Reading time: ~ 2 minutes
-
Online Casinos in Russia
Reading time: ~ 2 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 2 minutes
Our Assessment
Current data points to a potential recovery for Binance Coin. Long-term investors are holding their assets, while new buyers are entering the market. Those who believe that the broader market cycle is not yet over may see BNB as an interesting entry opportunity. However, the risk of short-term fluctuations remains.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency