BNB (formerly Binance Coin) continued its downward trend on Friday, trading below $575 and posting losses of nearly 4% over the week. The token remains under pressure as weak institutional participation, rising short positioning, and declining futures activity reinforce a bearish short-term outlook. Technically, BNB is now approaching a key support zone near $570, with a breakdown potentially opening the door to deeper losses. Weak institutional demand offers little price support Recent data from SoSoValue shows that BNB spot ETF products have recorded minimal activity since their launch on May 28. The absence of meaningful inflows suggests that institutional investors are not yet providing sustained demand for the asset.
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