BNB: Whale Loops Venus for Leveraged Long

Whale 0x2160 withdrew 8,474 BNB ($5.9M) from Binance and deposited into Venus protocol, then borrowed 2.6M USDT to repurchase more BNB on Binance, executing a classic Venus protocol BNB lending loop leverage mechanics play. At $698.38 the asset sits inside its Bollinger Bands with upper resistance at $715.5 and lower support at $668.4; the EMA50 at $658.67 and EMA200 at $613.57 continue to anchor the bullish structure while MACD shows a death cross at 14.53 and RSI(14) registers 64.43. BNB Chain whale accumulation patterns 2024-2025 remain visible in this fresh loop as price holds above both EMAs, suggesting any pullback would likely find bids near the 50-EMA before continuation toward the upper band.