BNB Price Stuck in Sideways Phase Ahead of 37th Burn
The BNB price has been hovering around $767, a significant 44% below its record high of $1,369.99 reached a year ago on October 13, 2025. The next quarterly burn is due around the anniversary of the record, on October 13, 2026, which may have an impact on the price. However, the burn is a predictable event, and the market has already priced it in.
The 37th burn is expected to destroy part of the supply, but its effect on the price is likely to be minimal. The burn has been a regular event since 2017, with a fixed formula determining the amount of BNB to be destroyed. The amount depends on the BNB price and the number of blocks in the quarter, with a target of 100 million BNB. In the 36th burn on July 15, 2026, 1,615,827.8 BNB were destroyed, worth around $932 million at the time.
According to the chart, BNB is currently sitting in a narrow band between $746 and $807. A close above $807 would end the sideways phase, while a close below $746 would indicate a stronger support level. The average daily range has been around $24, which is around 3%.
BNB's price has been swinging between $750 and $800 for weeks, and it's following the overall market trend. The comparison with Bitcoin is notable, as both coins reached their records in October 2025 and are currently below them. The difference lies in the burn, as BNB's supply shrinks to plan, while Bitcoin's supply keeps growing slowly.