---
title: "BNB poised for correction: $591.66, 70% top traders long, predicts $578 flush first."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294575511.md"
description: "The cryptocurrency BNB is currently trading at $591.66, which is higher than its upper Bollinger Band. The MACD indicator is indicating a flat trend, and approximately 70% of top traders have taken long positions. This situation sets up a classic long-squeeze scenario, suggesting that there may be a potential drop to a range between $578 and $585 before any significant upward movement can be expected."
datetime: "2026-08-01T07:19:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294575511.md)
  - [en](https://longbridge.com/en/news/294575511.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294575511.md)
generator: "portal-rs"
---

# BNB poised for correction: $591.66, 70% top traders long, predicts $578 flush first.

The cryptocurrency BNB is currently trading at $591.66, which is higher than its upper Bollinger Band. The MACD indicator is indicating a flat trend, and approximately 70% of top traders have taken long positions. This situation sets up a classic long-squeeze scenario, suggesting that there may be a potential drop to a range between $578 and $585 before any significant upward movement can be expected.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**