CryptoWorld News reports that, after the BNB price pulled back from recent highs, it has now tested a key support level. According to data, on June 5, BNB was close to $592, after earlier briefly dipping to an intra-year low of $573. Since the recent high of $740, BNB is down by about 20%. Deteriorating market sentiment and weak technical indicators have driven large-scale liquidations, with crypto futures liquidation exceeding $1 billion within the past 24 hours. Meanwhile, U.S. spot Bitcoin ETFs have also seen a record 13 days of outflows, with about $4.4 billion leaving these products. BNB’s key support zone is at $570; if it breaks below this level, it may further test the $550 low.

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