Key Highlights
- •Quarterly Burn: Binance Coin removed $1.27 billion worth of BNB, reducing total supply to 136.36 million.
- •Price Action: BNB trades near $939, testing $950 resistance with potential to reach $1,000.
- •Technical Outlook: Momentum indicators remain bullish, while key EMAs and Open Interest suggest cautious optimism.
Binance Coin (BNB) completed its first quarterly token burn of 2026 on January 15, removing over $1.27 billion worth of BNB from circulation. Traders are now watching closely to see how this deflationary move affects price action. BNB’s total supply dropped to roughly 136.36 million tokens, marking another step toward the foundation’s long-term goal of reducing supply to 100 million. The burn sparked optimism while investors monitor key resistance levels and technical momentum.
Quarterly Burn Details and Market Context
The burn included 1,371,703.67 BNB through the Auto-Burn system and 100.1 BNB via the Pioneer Burn Program. This marks the 34th quarterly burn in Binance Coin’s history. The Auto-Burn adjusts based on BNB’s price and block generation, ensuring transparency and predictability for token holders. These burns form part of a deflationary strategy aimed at tightening supply and potentially supporting long-term price growth.
BNB traded at $939 as of January 15, up 0.21% on the 4-hour chart. Over the past week, the token gained roughly 5% as Bitcoin remained above $96,000 and Ethereum hovered near $3,300. The broader market sentiment has remained bullish, giving BNB momentum to test new levels. Recent price action saw BNB break above $900 and briefly test $950 before consolidating.
This consolidation shows market participants digesting gains and waiting for the next decisive move. The Relative Strength Index sits at 64.36, indicating BNB is approaching overbought territory. Meanwhile, the MACD shows strong bullish momentum, with the histogram above zero and the MACD line remaining above the signal line.
Derivatives and Technical Outlook
BNB futures Open Interest declined to $1.57 billion, down from $1.6 billion the previous day. This drop suggests some traders have taken profits following recent gains. Open Interest remains far below the October record of $2.97 billion, when BNB hit an all-time high of $1,375. Traders should monitor these levels, as high-volume breakouts or pullbacks can indicate the next significant trend.
Resistance around $1,022 and the 100-day EMA near $991 are additional levels to watch. Past trends show that reclaiming former resistance as support can accelerate bullish momentum. The foundation encourages users to track burn statistics and remaining supply through official channels, offering full transparency via blockchain verification. Investors will likely weigh supply reductions against price trends to gauge BNB’s short-term trajectory.
Binance Coin’s $1.2 billion burn highlights the foundation’s commitment to a deflationary strategy. Technical indicators show buying momentum, while resistance levels near $950 and $1,000 could define the next price move. Open Interest and historical resistance suggest the market remains cautious but optimistic. Traders should watch these key levels closely to understand BNB’s potential path in the coming weeks.