BNB, the main coin of Binance, has fallen around 5% in the last 24 hours. This drop comes as the entire crypto market is under pressure. Most coins are moving down, not just BNB.

Earlier today, BNB slipped below $750 for a short time. Buyers stepped in after that. The price bounced slightly and is now trading near $764.

Traders are feeling nervous right now. Many are avoiding risk. Because of this, a lot of positions were forced to close. This has pushed the market mood more towards the bearish side.

Data from CoinGlass shows clear weakness. BNB futures open interest dropped by more than 6% in 24 hours. It now stands at about $1.19 billion. This means fewer traders are holding open bets on BNB.

Long traders were hit the hardest. Around $4.65 million worth of long positions were liquidated. Short liquidations were much smaller at about $313,090. This shows that bullish traders took most of the damage.

BNB has now fallen about 15% in the last 7 days. That makes it one of the worst performers among the top 10 cryptocurrencies. It still remains the 4th-largest crypto by market value. But the price is far from its peak.

BNB is down 44% from its all-time high of $1,370 seen in October 2025. Its market value has also dropped sharply. It is now close to $104 billion. Just 4 months ago, it was near $190 billion.

Another negative sign is the funding rate. It has turned negative. This usually means sellers are in control and shorts are paying longs.

From a price chart view, things still look weak. BNB is trading well below its key average levels. The 50-day and 200-day averages are both near $880. The price staying far below them shows strong selling pressure.

There is also a risk of a death cross forming. This happens when short-term averages move below long-term ones. Traders often see this as a sell signal.

Momentum indicators also look heavy. The MACD is below its signal line. This shows bearish momentum is picking up. The RSI is around 31. That puts BNB in the oversold zone. It suggests heavy selling but also hints at a possible short-term bounce.

The $735 level is very important now. If BNB holds above this level, a recovery could start. The price may try to move toward $788 first. That area could act as resistance. A stronger push could send it closer to $829.

If $735 breaks, the fall could deepen. In that case, BNB may slide toward $620. A much sharper drop could even take it back to the $500 level seen earlier in 2025.

For now, all eyes are on $735. This level may decide whether BNB stabilizes or falls further.