BNB has recently shown instability amid market fluctuations, with a slight decline over the past 24 hours. The price once bottomed out at $880 before showing signs of rebound, and short-term technical indicators suggest a potential recovery.

From an ecosystem perspective, BNB Smart Chain remains the leading active chain. The weekly active addresses of 56.4 million are at a prominent level among similar public chains, directly driving organic demand within the ecosystem. More notably, institutional capital participation continues to grow—total locked value (TVL) in on-chain real-world asset protocols has surpassed $2.1 billion, reflecting increasing recognition from institutional investors for this public chain.

The ongoing accumulation by whales in the spot market also indicates resilience in market fundamentals. Large holders tend to base their decisions on practical value rather than mere speculation.

Technical analysis shows some pressure. The EMA7 is quoted at $890.84, still below EMA25 ($891.56) and EMA99 ($895.68), indicating that the short-term bearish trend remains dominant. Sellers remain active at key resistance levels, and recent rebound attempts have been weak.

Worth noting is the upcoming Fermi hard fork upgrade scheduled for January 15. This upgrade aims to significantly improve BNB Smart Chain’s performance metrics and is expected to further enhance its market competitiveness. Additionally, external disputes regarding treasury strategies in governance still require attention, as they may cause short-term market disturbances.

The community is generally optimistic about the future, expecting BNB to retake the $1,000 mark. This confidence is supported by strong fundamentals and continuous whale accumulation.