TLDR:
- BNB price hit $904 within 24 hours, posting a 9.8% 30-day gain while Bitcoin dropped 6.1% over the same period.
- Binance stablecoin reserves climbed 19% to $38B since August, boosting sidelined liquidity for potential Q4 rallies.
- The Franklin Templeton-Binance partnership focuses on compliant tokenization, settlement efficiency, and investor accessibility.
- Q4 seasonality may lift Bitcoin and BNB, with traders eyeing $1,000 as a short-term price target and $1,500 later.
BNB has been on a tear, breaking past $900 and setting a fresh all-time high at $904.86 in the past 24 hours. The move came as Bitcoin traded flat, signaling a rare decoupling between the two assets.
Traders now look to Q4, which historically drives crypto prices higher, to see whether BNB can sustain momentum. The rally follows a surge in stablecoin reserves and a new collaboration between Binance and Franklin Templeton.
Investors are weighing these drivers as the next stage of the market cycle approaches.
BNB Price Hits $904, Outperforming Bitcoin
BNB’s 30-day performance shows a clear separation from Bitcoin’s recent trend.
CryptoQuant data placed the correlation coefficient at -0.27, signaling a rare negative relationship. Bitcoin is down 6.1% over the same period, while BNB rose nearly 10%.
BNB Aims for $1,000
“Over the past 30 days, BNB has been negatively correlated with bitcoin, reaching a coefficient of -0.27. The negative correlation mirrors the growing divergence between the two assets, and BNB outperforming bitcoin” – By @oinonen_t pic.twitter.com/vT8oDdPxJt
— CryptoQuant.com (@cryptoquant_com) September 11, 2025
The latest push saw BNB print a new all-time high of $904.86, a level not seen before. The rally was supported by stronger volumes, with CoinGecko reporting $1.82 billion in daily trading activity.
Macro trader @oinonen_t noted that Q4 has historically been strong for crypto markets. He pointed to $1,000 as the near-term price target for BNB and said a move to $1,500 could be on the table if momentum holds.
The strength of BNB’s price action suggests traders are positioning early for what could be a strong finish to the year. Many are looking for follow-through if Bitcoin begins its typical Q4 climb.
Franklin Templeton Deal Adds Fuel to the Move
Binance’s collaboration with Franklin Templeton added another spark to market sentiment this week. In an announcement, the two firms said they would work on digital asset products aimed at merging traditional finance scale with blockchain speed.
Franklin Templeton executives said the initiative would bring tokenization from concept to practice. They noted that demand for compliant digital securities has been rising among institutional clients.
Binance’s Catherine Chen added that the exchange has a record of developing first-in-crypto solutions and sees this partnership as a way to expand investor access. Market watchers viewed the deal as a positive step that could attract new capital into BNB’s ecosystem.
Meanwhile, Binance’s stablecoin reserves jumped from $32 billion in August to $38 billion in September, up 19%. Analysts said this sidelined liquidity could act as a catalyst for further rallies as funds rotate into altcoins.
