BNB has dropped >6%, closing under the psychological $600 after a confirmed daily bearish-flag breakdown accompanied by rising volume. Momentum indicators (RSI, MACD) turned bearish. Immediate resistance sits at $600–$610; downside checkpoints are $560 and a stronger demand band at $520–$500. Derivatives positioning is short-biased across major exchanges (Binance shorts ~$584M vs longs ~$492M; OKX shorts ~$351M vs longs ~$315M; Bybit shorts ~$53M vs longs ~$40M), recent leveraged-long liquidations occurred, and cumulative short liquidity clusters at $610–$620. Unless $610 is reclaimed with strong volume and improved long/short ratios, further selling toward $500 is likely.

Price confirmed a daily bearish-flag breakdown and fell >6% to below $600 with rising volume; RSI and MACD are bearish. Derivatives data shows larger short exposure than long on Binance, OKX and Bybit and recent liquidations removed leveraged longs; short liquidity clusters at $610–$620. Reported resistance ($600–$610) and downside targets ($560, $520–$500) imply continued downside risk unless $610 is reclaimed.