Binance dominates the cryptocurrency exchange market, showcasing a spot trading volume significantly higher than all others combined, which surpasses Coinbase by 8 times.

Currently, investors hold a bearish sentiment on BNB due to a significant sell-off, indicating a lack of confidence in a price rebound despite Binance’s market strength.

If historical trends are indicators, Binance’s increased dominance may suggest a bullish turnaround for BNB, potentially rallying to $618.