BNB's weekly chart places $398.30 and $310.42 beneath the $813.07 Wave B peak as projected support levels for the next correction. Binance reported $4.65 billion in withdrawals and $1.01 bill
BNB price outlook turns on a proposed weekly correction, Binance withdrawal figures and nearby trading levels, as holders watch whether support can hold in coming weeks across the market.
Whale Factor's weekly chart places BNB inside a possible macro ABC correction. The proposed count marks $813.07 as the Wave B peak. From there, the chart maps a possible Wave C decline toward lower support.
Source: X
The projection follows BNB's earlier climb to roughly $1,713 before its retreat. In this reading, Wave A formed the first decline from that peak. The rebound toward $813 then supplied the proposed Wave B leg.
The chart marks $398.30 as the upper edge of its first demand zone. Its lower boundary sits near $310.42, the stated Wave C target. Neither level confirms a floor until price action shows buyers defending it.
The $202 level remains the deeper macro support if the lower zone fails. A move toward that price would extend the proposed correction considerably. The weekly structure therefore leaves room for a deeper decline than expected.
Binance's withdrawal figures add a separate issue for BNB holders. Withdrawals reportedly totaled $4.65 billion between 06:00 and 15:30 UTC 1 November. Total deposits were $1.01 billion, resulting in net outflows of around $3.64 billion.
That net figure equaled about 2.1% of Binance's stated $171 billion assets. The average rate of withdrawal was about $383 million an hour in that window. The numbers refer to heavy traffic, it does not yet constitute a state of insolvency.
The supplied comparison puts FTX withdrawals near $6 billion across 72 hours. That works out to roughly $83 million per hour by the same calculation. Binance's reported pace was faster, while withdrawals continued during the measured period.
Binance is also said to have retrieved approximately 95% of the $6.3 billion stolen. The updated proof-of-reserves was anticipated after the reported withdrawal activity. Reserve figures need to be read alongside liabilities and independent verification.
The supplied market data shows BNB trading around $707.83, down 0.46%.Its 24-hour turnover was $1.2 billion, rising 7.18%. These are activity figures - not weekly corrections.
Source: Coinmarketcap
On the intraday chart, sellers repeatedly turned price back near 713-716. Buyers responded after BNB dipped toward the 704-705 area. The rebound reached roughly $714 before another retreat toward 707-708.
That leaves 704-705 as nearby support in the displayed session. Resistance sits first around 710-713, then near the $716 high. A break below support would weaken the short-term picture further.
A sustained move above $716 would give buyers a better footing. It would not, by itself, erase the weekly Wave C projection. The larger bearish count remains in place below the $813.07 level.
For longer-term traders, the 398.30-310.42 band remains the chart's central area. Any response there needs confirmation from weekly closes and buying activity. If that region gives way, $202 becomes the next marked support.
