BNB price trend shows a clear divergence. Data indicates that up to 94.6% of retail traders are bullish, while institutional investors are significantly bearish, with short positions accounting for 77.8%. This extreme disparity in stance reflects a deep market split.

From a technical perspective, BNB is trapped within a narrow range of $850 to $865, forming a clear compression pattern. Moving averages are fully converged, and technical indicators suggest a critical point for a trend reversal is imminent. Such formations often signal the prelude to significant volatility.

More notably, there are signals from the capital side. Major funds have recently shown net outflows, and a leading exchange platform's short positions are continuously increasing, hinting that smart money is positioning in advance. In the short term, the cautious stance of institutions and the outflow of large traders are echoing each other.

Technical analysis indicates that if the price cannot hold above the resistance, the downside targets are sequentially around $835 and $800. This analysis is based on the current technical pattern and capital flow information. However, the market always carries uncertainties, and participating in any trading requires risk awareness.