BNB has achieved a new all-time high of $1,083 after a 7% rally, despite prevailing bearish sentiment in the market. Traders are cautious, anticipating a potential price dip as funding rates have dropped to a two-month low, indicating an increase in short contracts. This suggests a possible correction, with BNB's price potentially retreating to the $1,000 level. The market is at a critical juncture, with BNB currently trading at $1,052. A retracement to $1,000 could trigger significant liquidations, estimated at $61 million in long contracts, potentially affecting bullish confidence. However, if bullish momentum continues, BNB might surpass $1,083 and reach $1,100.