BNB: Is 680 USD target far-fetched? – Here’s what traders are saying

BNB sentiment has turned bullish as inflows increased to 4.60 million USD against outflows of 3.69 million USD on June 8, 2025. 62.09% of BNB/USDT accounts are long, indicating high confidence among retail traders.

Short positions are concentrated between 623 USD and 639 USD. If BNB maintains above 650 USD, a squeeze may occur, sending the price upward. Options open interest rose by 12.29%, hinting at potential volatility.

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