BNB Hits New All-Time High Above $1,100 as $396M in Crypto Positions Liquidated

Based on market statistics from Binance, BNB, the company’s native crypto, has risen above $1,100 to reach a new all-time high of $1,108.17. Amidst fresh investor interest, the token had a high surge of 7.27% in the last day. Significant liquidations were also sparked by the quick price change throughout the cryptocurrency market. According to Coinglass data, holdings worth $396 million were lost in total at that time. Because traders who were betting against BNB and other assets were caught off guard, $268 million of this came from short bets. A further indication of increased market volatility was the liquidation of $127 million in long holdings.