BNB traded around $773 on September 26, comfortably above every threshold in this ladder, and it has climbed roughly 12% over the prior week. The market resolves on a trimmed-mean floor by September 30, so the real question is how far a September low could reach, not where spot closes. The sub-$600 strikes carry more weight than a $773 price alone would justify, which tells you traders are pricing a possible sharp reversal rather than the calm tape. Anyone taking the low-threshold side is trading a fast drawdown against strong momentum and quarterly burn support. Watch exchange-security headlines and broad crypto risk-off, the two things that could snap the trend.
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