Deep Dive
1. Exchange Delistings (Bearish Impact)
Overview:
ProBit Global announced on October 17, 2025, it will delist BNT on October 24, following CoinDCX’s June 2025 delisting. These moves reduce trading avenues for BNT holders, forcing sell-offs before liquidity vanishes.
What this means:
Delistings typically trigger short-term selling pressure as holders exit positions to avoid being stuck in illiquid markets. ProBit’s BNT/USDT pair handled ~$8.9M volume in the past month – its removal eliminates a mid-sized liquidity pool.
What to look out for:
Whether other exchanges follow suit, given BNT’s -25% 30d return and $61M market cap (ranked #500+).
2. Technical Breakdown (Bearish)
Overview:
BNT trades at $0.527, below all key moving averages (7-day: $0.578, 30-day: $0.612). The RSI14 at 33 signals weak momentum but not yet oversold, while MACD shows bearish crossover risks.
What this means:
Technical traders likely sold at the 50% Fibonacci retracement level ($0.601), accelerating the drop. The next support is the 78.6% Fib level at $0.527 – a breach could target the 2025 low of $0.471.
3. DeFi Sector Pressure (Mixed)
Overview:
Bancor’s patent lawsuit against Uniswap (filed May 2025) remains unresolved, creating regulatory uncertainty for DeFi protocols. Meanwhile, DEX sector TVL fell 9% MoM as Bitcoin dominance rose to 60%.
What this means:
Legal risks and capital rotation toward Bitcoin have marginalized smaller DeFi tokens like BNT. However, a favorable lawsuit outcome could reverse sentiment given Bancor’s claims to core AMM technology.
Conclusion
BNT’s decline stems from shrinking liquidity (delistings), technical breakdowns, and DeFi’s regulatory overhang. While oversold conditions might invite tactical buyers, the lack of immediate catalysts suggests caution.
Key watch: Can BNT hold the $0.527 support, or will delisting-related sell-offs push it toward $0.47? Monitor exchange wallet flows for signs of accumulation/distribution.