In the past six months, I've had an illusion that the price movements of $BNB and $BTC seem somewhat opposite. This illusion is caused by fragmented memories when observing prices. For example, when BTC's price rises, BNB seems to lag behind in starting its movement, and sometimes when BTC drops, BNB doesn't fall as sharply. However, data tells me this is an illusion. I took 3,000 data points from a 1-hour price chart over three months and constructed a regression model. The result shows that BNB and BTC prices are highly correlated. Here is a rough regression equation, which also uses time series for multivariate regression, and the results are fairly consistent: BNB% = -1.20 + 1.33 × BTC% + 0.45 × BSC transaction volume + 0.18 × TVL - 1.80 × regulatory events - 0.04 × fear and greed index Conclusions: 1. BNB's price is highly dependent on BTC (β₁=1.33); 2. Pay attention to changes in the BSC ecosystem (transaction volume, TVL), as an active ecosystem provides additional upward momentum for BNB; 3. Regulatory events and deteriorating market sentiment (increased fear) suppress BNB's price; 4. If the "Bhutan" model can evolve with CZ advising more sovereign nations, potentially becoming part of national reserves or sovereign investment fund portfolios, $BNB still has room for growth. Sometimes, data directly contradicts human perception.