Binance Coin Sees 1.7 Million Non-Sybil Users, Futures Volume Delta Positive 90 Days

Binance Coin (BNB) has seen a significant rise in adoption, with the number of non-sybil users reaching a record 1.7 million. This milestone indicates a genuine increase in the network’s user base, as non-sybil users exclude bots and airdrop hunters, providing a clearer picture of authentic user engagement. The surge in verified users suggests organic demand and network utility, as more real participants interact with the blockchain.

This growth in genuine users is accompanied by a notable increase in daily active addresses, which have climbed to a monthly high of 2 million. Additionally, new wallet creations have spiked, hitting 595.7k in the same period. These trends collectively suggest that BNB’s ecosystem is expanding with meaningful user adoption rather than artificial inflation.

Market sentiment for BNB is further bolstered by bullish futures and whale activity. The Futures Taker Cumulative Volume Delta (CVD) for BNB has remained predominantly positive over the past 90 days, highlighting a dominance of long positions. This suggests that traders expect upward price movement and are actively positioning themselves accordingly. Moreover, the average order size in futures markets has increased, with large whale trades becoming more frequent. This influx of substantial buy orders from whales reinforces confidence in BNB’s near-term prospects, as these investors typically conduct thorough due diligence before committing significant capital.

BNB’s price action has shown resilience, bouncing off the $639 support level after a brief retracement triggered by geopolitical tensions. The combination of rising user adoption and bullish futures positioning lays a foundation for a potential price rally toward $674. Historical data supports this outlook, as previous surges in user activity have preceded notable price breakouts, such as the move to $692 in early May. However, the sustainability of this upward momentum depends on continued growth in real user engagement and sustained buying pressure from whales and futures traders. Should these factors weaken, a retest of the $639 support level remains a plausible scenario, underscoring the importance of monitoring on-chain metrics alongside price movements.

In conclusion, BNB’s current trajectory is underpinned by a genuine increase in verified users and strong bullish sentiment among large investors and futures traders. This convergence of fundamental adoption and market conviction positions Binance Coin favorably for potential price appreciation. Investors should watch key support levels and user metrics closely, as these will provide critical signals for the next phase of BNB’s market cycle.