BNB extends its recovery on Wednesday, trading at $598 and approaching a crucial resistance zone near the 100-day Exponential Moving Average. Derivatives data and technical momentum indicators support the bullish outlook. However, buyers must secure a decisive close above the immediate resistance barrier to sustain the recovery. BNB long-to-short ratio hits one-month high Sentiment among BNB derivatives traders is improving as more market participants position for further price gains. CoinGlass data shows BNB's long-to-short ratio reached 1.14 on Wednesday, its highest level in more than a month. A reading above one means there are more long positions than short positions, indicating that traders broadly expect BNB to appreciate.