BNB is trading in a range around 565 to 573 u today, with the previous close at 579 u. It pulled back earlier today.

Over the past two days, market risk appetite has been returning. BTC has risen to above 65k u, and the Nasdaq is also up, but BNB hasn’t kept up today—instead, its price action looks weak.

BNB Chain has data over the past two days: 24-hour fee revenue is $220k, and the project team’s net income is $22,200. That’s a normal level—nothing particularly special.

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

BNB Chain’s auto-burn mechanism is still being carried out on a quarterly basis. The burn amount is adjusted dynamically based on price and block volume, so the long-term deflationary logic hasn’t changed.

In the short term, the situation in the Middle East is still unsettled, and market sentiment remains cautious. Since BNB has run behind the broader market these past two days, it suggests that capital hasn’t fully returned to this coin yet #bnb $BNB