BNB Breaks the $700 Barrier, Has the Altcoin Bull Market Begun?
Recently, BNB's market performance has been consistently strong. Although there are some signs of an increase, no one expected BNB to soar by 10% overnight, successfully breaking the $700 mark against the backdrop of a sudden ban by the South Korean government that caused a stock market crash. The fluctuations in the South Korean stock market were quite astonishing, while the international exchange market remained relatively stable, with prices almost unaffected, allowing some arbitrage investors to profit significantly.
Regarding the rise of BNB, I previously mentioned the need for clear bull market signals to support it. Although tens of thousands of BNB have flowed into the market recently, the overall trading volume still seems insufficient, showing a significant gap compared to the previous net outflow. To confirm whether the bull market has truly started, we need to see BNB achieve a daily increase that consistently exceeds 15%.
Therefore, the current market appears more like the curtain has just been lifted on the bull market. Opportunities have emerged, but the situation is not yet entirely clear. Investors need to remain calm, seize potential points, and maintain their mindset without being disturbed by short-term fluctuations.
