BNB price rose 1.37% over the past 24 hours, trading in a narrow range between $875 and $897. The move keeps Binance Coin largely unchanged on a broader view, with price consolidating below recent resistance after a strong recovery into early January.
BNB remains well below its $1,370.55 all-time high set in October 2025, reflecting a 34.68% drawdown from peak levels. The primary driver during the session was renewed attention on Grayscale’s early-stage move toward a potential BNB ETF.
Grayscale Registers BNB Trust as ETF Speculation Re-Emerges
Market focus shifted after Grayscale registered “Grayscale BNB Trust LLC” in Delaware on January 8, a procedural step that mirrors its earlier path to convert trust products into spot ETFs.
While the filing does not guarantee approval, it signals institutional willingness to engage with BNB despite recent regulatory pressure surrounding Binance in the U.S.
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For traders, the relevance lies in expectations rather than immediacy. Previous ETF filings in the digital asset space have tended to pull forward speculative positioning, particularly when supply is relatively constrained.
The slight 1.37% increase in BNB price coincides with the registration, indicating the market views the news as supportive rather than groundbreaking. Focus now shifts to regulator responses in the coming months and whether clearer legal guidance around Binance further boosts sentiment.
BNB Price Tests Range Highs as Buyers Defend Support
The price structure shows Binance Coin holding above the $875 area, which has acted as near-term support during the recent consolidation. On the upside, repeated reactions near the $915–$920 zone indicate active selling pressure ahead of the psychological $1,000 level, where a larger sell wall has been identified.
Analyst CW notes that the BNB price is pressing against this overhead supply and argues that a clean break could open a path toward the $1,000 region, reinforcing the current upward structure. Another analyst, Miracle Phi, highlights similar resistance, emphasizing that sustained acceptance above this zone would be required before higher levels can be considered technically credible.
From a trend perspective, BNB coin has been in a short-term uptrend since its late December lows, but it is currently pausing as momentum slows down. The support level around $875 holds the current structure, and not clearing resistance suggests consolidation, rather than a continuation, is likely in the near term.
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