Be part of Our Telegram channel to remain updated on breaking information protection
The BNB worth has soared 17% within the final 24 hours to commerce at $1,356 as of 4:00 a.m. EST on a 74% enhance within the each day buying and selling quantity to $11.89 billion.
That worth surge comes as Binance prepares to pay $283 million in compensation to customers affected by the Oct. 10 flash crash that triggered a number of belongings together with Ethena’s USDe stablecoin, BNSOL, and WBETH to depeg.
Market information reveals that USDE, BNSOL, and WBETH skilled extreme depegging occasions on Binance early right now. USDE plunged to as little as $0.6567, BNSOL fell to $34.9, and WBETH dropped to $430.65 on the lowest level. Binance has responded to the incident, stating that the crew is… pic.twitter.com/QLS6H1PfnH
— Wu Blockchain (@WuBlockchain) October 11, 2025
Ethena’s USDe, supposed to remain at $1, briefly fell beneath $0.66 on Binance, though its worth remained steadier on different main venues. The principle set off seems to have been a speedy wave of liquidations, set off by macroeconomic information and panic promoting, moderately than any technical malfunction on Binance itself.
This isn’t trying good for Binance😳
New reviews recommend the trade could have been underreporting liquidations by as much as 100×.
Jeff Yan, founding father of $HYPE (Hyperliquid), claims Binance and different main CEXs are masking the true scale of liquidations by bundling a number of occasions… https://t.co/DeNcmMvhaY pic.twitter.com/Ajw1QbsF9d
— Cowboy (@CryptoCowboy_AU) October 13, 2025
On-chain information confirmed a heavy cluster of pressured liquidations between 21:36–22:16 UTC, whereas macro information, together with coverage strikes and international tensions, had already sparked a market-wide sell-off minutes earlier. The occasion coincided with a report $20 billion crypto liquidation, one of many largest single-day selloffs in historical past.
To handle the fallout, Binance agreed to compensate customers who suffered verified collateral losses in futures, margin, and mortgage accounts.
BNB Value On-Chain Affect And Market Response
On-chain alerts since compensation was introduced present combined feelings. Information reveals a spike in each buying and selling exercise and pockets transfers, as customers rapidly moved belongings and rebalanced holdings after the occasion.
Exercise on the Binance Chain has accelerated, with extra customers monitoring token stability and danger controls than ever earlier than. Whereas some USDe, BNSOL, and WBETH holders rushed to redeem or reposition, others took benefit of the non permanent worth drops.
BNB Transaction Depend Supply: Token Terminal
Binance has now added new reference index protections and a smooth worth flooring for USDe to assist defend customers sooner or later. The corporate has additionally pledged to course of all help circumstances manually for these not lined robotically, although customer support is reportedly overwhelmed with requests proper now.
BNB Value Targets $1,416 As Subsequent Main Resistance Degree
BNB has as soon as once more pushed larger, defying wider uncertainty within the crypto market. BNB at present trades close to $1,354 after hitting a weekly excessive of $1,360, marking a sustained restoration from the crash lows.
Technical evaluation from the weekly chart reveals that BNB is sitting nicely above its main transferring averages. The 50-week SMA stands at $731.95, and the essential 200-week SMA is at $456.42. The closest help stage for the coin worth is the $730–$750 area, carefully tied to the 50-week SMA. The longer-term help is round $456.
After bouncing off help close to $730, BNB’s worth has powered larger, breaking above key Fib retracement ranges. This bullish step places $1,297 (3.618 Fib stage) and $1,416 (the most important resistance space from prolonged Fibonacci projections) as the subsequent key hurdles.
BNBUSD Evaluation Supply: Tradingview
Technical momentum stays sizzling. The RSI (Relative Power Index) sits in overbought territory at 81.78, which warns that the value may see a short-term cool-down or sideways motion earlier than making its subsequent massive transfer.
In the meantime, the MACD is deeply optimistic, with a robust divergence supporting the uptrend. The ADX at 43.1 confirms a robust pattern, but in addition alerts that volatility could also be forward.
The BNB worth has been making larger highs and better lows because the bounce in late 2024 as nicely. Bulls are in management so long as BNB stays above $1,250–$1,280. Ought to profit-taking set in, draw back is protected by a robust cluster of consumers close to $1,200 and, if damaged, a check for help at $1,050–$1,100 may observe earlier than a brand new uptrend varieties.
If optimistic momentum holds and better danger urge for food returns, a detailed above $1,360 opens the door to a possible transfer in direction of $1,416 within the coming weeks. In any other case, merchants will search for dips as contemporary entry factors, so long as the BNB worth holds above the $1,200 help.
BNB stays one of many best-performing cash, outpacing most different massive caps thanks partly to sturdy administration response and bettering ecosystem sentiment.
Associated Articles:
Greatest Pockets – Diversify Your Crypto Portfolio
- Straightforward to Use, Function-Pushed Crypto Pockets
- Get Early Entry to Upcoming Token ICOs
- Multi-Chain, Multi-Pockets, Non-Custodial
- Now On App Retailer, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Month-to-month Lively Customers
Be part of Our Telegram channel to remain updated on breaking information protection