According to CoinMeta, the price of BNB approached $600 on August 5th, breaking through the range from July. With the increase in derivative activities and the approaching settlement blocks, it is possible that it will test $610. Based on Crypto.news data, the price of BNB rose to around $600 on Wednesday, continuing the recovery from $560 to $575 at the end of July. The daily chart shows that after reaching a intraday high of $605.50, the token closed at $599.64, breaking through the 20-day and 50-day simple moving averages. The 100-day SMA level at $605.88 has become a major testing point. The Chaikin money flow indicator rose to 0.14, indicating that buying pressure exceeds selling pressure, supporting the latest recovery. BNB derivative activities have intensified with the rise in spot prices, with trading volume increasing by 56.1% to $719.9 million, and open interest increasing by 4.05% to $985.79 million. Overall conditions in the crypto market also provide additional support; Bitcoin is approaching $64,000, and the total market value of digital assets has risen by 0.72% to $2.19 trillion.