BNB Faces Threat of Sharp Losses as $20M Long Positions Near Key Support

The BNB cryptocurrency is facing a crucial test as traders watch the support level of $805. Over $19.9 million in long positions concentrate near this level, representing a significant portion of bullish exposure. A break below this key level could trigger liquidations and downward momentum, potentially exceeding $20 million at stake. Read on to learn how technical indicators influence the current situation.