BNB (BNB) has broken the key psychological barrier of $1,000. The asset is trading at $976.22 this November 11, 2025. This short-term contraction, attributed to intense selling pressure on BNB, places the token in bearish territory and raises alarms among investors and crypto treasuries.
The pullback has placed BNB’s market capitalization at approximately $134.47 billion. Likewise, the 24-hour trading volume stands at $1.74 billion. These figures, while substantial, reflect a notable decrease in risk appetite within the ecosystem. The move is significant, as the token had reached an all-time high of $1,369.99 just in October 2025. The current price, therefore, represents a correction of nearly 28-31% from that recent peak.
On the macroeconomic front, risk aversion has noticeably intensified. Downward pressure on Bitcoin is dragging down the broader altcoin market. This backdrop amplifies BNB’s sensitivity to new waves of selling. Furthermore, technical indicators reinforce this negative reading. A bearish crossover has been observed on the MACD indicator. Also, the RSI (Relative Strength Index) is sitting below the 50 level. Both are signals pointing to a clear loss of momentum and the dominance of sellers in the short term.
Can the $970 support level stop BNB’s decline?
The current volatility increases the risk for short-term traders. The likelihood of sharp movements and liquidations grows, forcing much stricter risk management. On the other hand, for treasuries and institutional investors, the risk of marking short-term unrealized losses increases. This creates the need to review exposure profiles, especially in portfolios with high concentration in the altcoin economy.
The impact is also felt in the derivatives market. The current selling pressure on BNB may elevate the open interest in perpetual contracts for short positions. At the same time, it discourages net capital inflows until confidence is restored. This maintains a generalized defensive bias in the use of leverage by traders.
The key technical levels are concentrated at the immediate support of $970, closely followed by $950. If sellers manage to break this main barrier, bearish continuation scenarios point to targets at $915, $898.40, or even $840. Immediate resistances are now located in the psychological zone of $1,000 to $1,008. The milestone to watch is a sustained close below $970 in the coming sessions, as this would confirm the trend and force a recalibration of hedges.
