BNB holds near $790 as bullish derivatives meet weak ETF demand
- —BNB trades near $790, above its 50/100/200-day EMAs at $728, $689 and $679
- —BNB futures open interest climbed to its highest level since early June
- —Funding rate turned positive and rose to 0.0084% on Monday
- —Spot BNB ETFs have drawn little flow since launching on May 28
Why it matters: A decisive break above $798 (61.8% Fibonacci) would target $826, while muted ETF flows leave the rally without institutional confirmation.
Source: Invezz