BNB Price Dips 3% Then Climbs Near $650 as Futures Open Interest Surges 6.5%

BNB's price dropped 3% below $630 but quickly recovered toward $650, driven by aggressive futures trading that raised open interest by 6.5% to $891 million. This heightened institutional activity, combined with bullish longer-term moving averages, highlights growing market confidence despite short-term volatility. Analysts are now watching for a move above $690 to potentially reach $700-$728 resistance, which could determine if BNB sustains an upward rally or reverts lower.