It is worth noting that BNB’s move to a new all-time high might have been fueled by a wave of capital rotation that saw large outflows from Solana diverted into the Binance native coin. On-chain data from deExplorer shared by CryptoRank reveals that more than 30% of SOL outflows have been directed to BNB.
Typically, a positive and rising 90-day CVD shows that the futures market is controlled by buyers, while a negative and falling 90-day CVD suggests that sellers are dominating. With buy orders currently dominating, the metric is now clearly positive. This confirms the continuation of the upward trend and shows that there is significant buying pressure in BNB futures.
