Binance dominates the cryptocurrency exchange market, showcasing a spot trading volume significantly higher than all others combined, which surpasses Coinbase by 8 times.
Currently, investors hold a bearish sentiment on BNB due to a significant sell-off, indicating a lack of confidence in a price rebound despite Binance’s market strength.
If historical trends are indicators, Binance’s increased dominance may suggest a bullish turnaround for BNB, potentially rallying to $618.
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