BNB has extended its uptrend with a sharp 7% rally over the past 24 hours, pushing the altcoin to a new all-time high. During the intraday peak, BNB hit $1,083 and formed a new all-time high (ATH) before slightly retracing. Despite this milestone, many traders remain cautious, with expectations of a near-term dip. BNB Traders Vie For Decline Funding rates have dropped to a two-month low, signaling a notable shift in trader behavior. This decline reflects an increase in short contracts, showing that market participants are betting against BNB despite its record-breaking rally. Short positioning indicates skepticism about the sustainability of the recent surge. The bearish tilt highlights a broader sentiment of profit-taking at current levels. Traders appear to be positioning for a correction, expecting BNB’s price to retreat toward a key psychological level. This growing bearish outlook suggests the market may be preparing for heightened volatility in the days ahead. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. BNB Funding Rate. Source: Coinglass On the macro front, the liquidation map reveals significant risks for bullish traders. If bearish momentum pushes BNB down to $1,000, an estimated $61 million in long contracts could be wiped out. This potential wave of liquidations could also dampen confidence among bullish participants. Fear of forced liquidations at $1,000 may encourage profit-taking before the market reaches that threshold, creating additional downward pressure. BNB Liquidation Map. Source: Coinglass BNB Price Forms New High At press time, BNB is trading at $1,052 after securing its new ATH of $1,083 earlier today. The altcoin’s consistent gains have kept momentum alive, but the market now faces a critical inflection point. Support and resistance levels will dictate the next move. If bearish sentiment strengthens, the BNB price could retrace to $1,000. Such a dip would trigger large-scale liquidations and also reset bullish momentum, delaying further rallies. BNB Price Analysis. Source: TradingView However, if bullish pressure persists, BNB could defy expectations and continue its ascent. A clean break above $1,083 would open the path toward $1,100 and beyond. Sustained momentum from investors could invalidate bearish projections and push the altcoin to new record highs. The post BNB Price Hits Another All-Time High, But Correction Risk Looms appeared first on BeInCrypto.