BNB Hits All-Time High, Triggers $180 Million in Crypto Liquidations
BNB price ascended to a new all-time high (ATH) on Sunday, clearing its previous peak of $809.84.
With this surge, nearly $180 million in total positions were wiped out as shorts dominated liquidations.
BNB Records New All-Time High Near $830Data on TradingView shows that BNB’s price reached a new ATH of $827.25 on Sunday, July 27. The BeInCrypto price index indicates that BNB is the biggest gainer among the top 20 cryptocurrencies. As of this writing, BNB was trading for $822.05, registering a modest pull-back.
BNB Price Performance. Source: TradingView
It follows BNB’s price entry into an expansion phase over the weekend, when it broke above its 2-year resistance level and held strong above it.
Analysts ascribe the surge to rising BNB Chain network activity and companies expressing interest in a BNB treasury. BeInCrypto has reported two so far, comprising WindTree Therapeutics and Nano Labs, with more likely to join the trend.
“BNB Chain network activity is rising, Binance continues to be the #1 exchange, and companies are buying BNB for their Treasury. All this demand is certainly going to push BNB above $1,000 by Q4 and possibly $1,800-$2,000 by cycle top,” wrote one analyst.
Binance founder and former CEO Changpeng Zhao (CZ) recently hailed community and ecosystem support toward the network.
Build and Build. $BNB
Appreciations to all the ecosystem players, BTC maxis, ETH holders, meme traders, ETF applicants, treasury pub cos, good regulators, and utility builders. 