BNB has been ranging today around 565 to 573u, with yesterday’s close at 579u; it fell back earlier in the day.

Over the past two days, overall risk appetite has been returning. BTC has risen above 65ku, and the Nasdaq is also up, but BNB hasn’t kept up today and is showing weaker performance.

There’s some data from a certain chain these past two days: 24-hour transaction fee revenue is $220k, and the project team’s net revenue is $22,200—so it’s at a normal level, nothing special.

On price, over the past 12 months it has fallen by nearly 18%. The 52-week high reached 1,373u, and now it’s down by nearly 60%. The drawdown is right there.

This chain’s automatic burn mechanism is still carried out quarterly. The amount burned is dynamically adjusted based on price and block volume. This long-term deflationary logic hasn’t changed.

In the short term, the situation in the Middle East is still uncertain, and market sentiment is cautious. BNB has been underperforming the broader market these two days, suggesting that capital hasn’t fully returned to this coin yet#bnb $BNB