BNB is currently in an interesting deadlock. According to whale data, a total of 232 large holders are confronting each other here, with the number of longs and shorts surprisingly evenly split—each with 116. This perfectly balanced situation means both sides hold significant chips, and neither can gain an advantage.

The detailed data reflects the subtlety of the current situation: the average price for the 116 long whales is stuck at 894.86 USDT, with $54.19 million in positions in floating loss. On the other side, the 116 short whales have an average price of 858.31 USDT, with $71.91 million in positions also in loss.

Most interestingly, the current quote is 882.39, exactly between the long cost basis of 894 and the short cost basis of 858, as if precisely trapped in a vacuum zone. The rate shows 0.0000%, indicating that no side has the initiative in the market; everyone is watching to see who will break the deadlock first.

This creates a typical long-short mutual destruction scenario. 894.8 will become the dividing line for the longs—once it is touched, many trapped traders will choose to cut losses and exit. Meanwhile, 858.3 is the critical line for the shorts—if it falls below this level, shorts can turn losses into profits, and may even increase selling pressure.

Before the 122-dollar oscillation zone between 858 and 894 is effectively broken, chasing the market or closing positions is not a wise move. The $120 million whale funds are engaged in direct confrontation here, and it’s crucial to closely watch whether the key level of 895 can hold. If it cannot, it indicates that the long whales have already started bleeding.