BNB continued to pressurize last week after being blocked near $632, then broke the $600 level and ran under this position for four consecutive days. At the time of the deadline, BNB reported $592, a small 24-hour recovery. As prices try to return to 600 dollars above, the chain of giant whale movements becomes a market focus.
The whale sells XAUT to buy BNB.
Onchain Lens, a chain-tracking platform, revealed that 492 pieces of Tech Gold (XAUT) were sold out of a wallet associated with TechnoRevenant, with a cash balance of approximately $2.05 million, which was subsequently bought at an average price of approximately $595, and 3457 BNBs.
XAUT has fallen by about 24 per cent over the high of January, and this set-up has been interpreted by the market as shifting part of the funds from gold coins to more volatile encrypted assets. It was reported that TechnoRevenant had previously been concerned about the profitability of early investments in World Liberty Financial (WLFI) and the large trade on Hyperliquid.
Big orders, seven days in a row.
In addition to buying on a single pen chain, the CryptoQuant ' s average spot order size indicator also shows that large orders have been maintained at a high level for seven consecutive days. This usually means that big funds remain active.
However, this indicator cannot by itself distinguish directly between the direction of the sale and thus needs to be judged in the context of other data. The corresponding Spot Tucker CVD remains buyer-led, indicating a temporary bias on the side of the offer. Following weak prices, this combination signals that some large households continue to absorb BNB.
Exchange net inflow brings short-term pressure
In terms of price performance, BNB recently rebounded from around $570 to close to $595. The relative strength and weakness index RSI appears to cross and rise to 44 to show that the purchasing drive has been repaired more than before.
However, RSI is still below the neutral line of 50, which suggests that the seller ' s influence has not been fully abated. At the same time, the net inflow of spot data sends a more cautious signal. On 22 June, the Spot Netflow of BNB rose to $3.2 million, implying an increase in currency inflows to the exchange.
Exchange inflow usually increases potential sales pressure, so whether BNB can get back on its feet at $600 is still dependent on the continued pressure of boulders to flush this portion. If the buyer continues, the price has the opportunity to test the first line of $633 once again; if the exchange deposits continue to increase, the market or re-examine the support around $560.