Data: Double-sided net inflow of spot and futures trading drives BNB back above $700.

Data: Double-sided net inflow of spot and futures trading drives BNB back above $700. On May 31, market data shows BNB broke through $700, currently at $703.5, up 10.2% in 24 hours.
According to Coinglass, in the past 24 hours, the net inflow of BNB futures funds across the entire network was $61.93 million, with a net inflow growth of 770%; the net inflow of BNB spot funds across the entire network was $15.23 million, with a net inflow growth of 796%.
Next, three things need to be monitored: whether related funds continue to flow in, whether on-chain trading volume and holdings continue to expand, and whether project teams or regulators provide new confirmation information.
A single piece of news can only indicate that sentiment has been ignited; subsequent data will determine whether it can solidify into a trend.
Risks should also be on the table: if subsequent trading and capital flows cannot keep up, the market may easily digest it as a one-time pulse.
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