Overview
- BNB rose more than 16% to trade above $1,350, with traders eyeing $1,450–$1,500 as the next major test after clearing recent resistance.
- CoinCentral reported the token set a new all-time high of $1,370 on Monday following a weekend that saw about $19 billion in forced liquidations across exchanges.
- Derivatives metrics from CoinGlass showed renewed risk-taking, with daily trading volume up 55% to $10.7 billion and open interest up 25%.
- CZ said the advance reflects organic demand and stated that BNB has no market makers, echoing confidence in the token’s deflationary burn model and ecosystem activity.
- Binance disputed claims that platform issues drove the crash and said it would compensate affected users, as on-chain data showed BNB Chain handling 26 million daily transactions and leading DEX volumes.