All-Time High Alert: BNB Smashes $1,111 Barrier – Details
The post All-Time High Alert: BNB Smashes $1,111 Barrier – Details appeared on BitcoinEthereumNews.com.
According to on-chain metrics, BNB climbed to a record high of $1,111 and traded around $1,110 after an 8% jump in the past 24 hours. Data shows nearly $400 million in positions were liquidated across the BNB market in the last day, with close to $270 million of that coming from short positions and $127 million from long positions. Liquidations And Short Squeeze The heavy liquidation figure points to a sharp and fast move that forced leveraged traders out of the market. Short sellers bore the brunt, which helps explain the sudden surge. Rapid liquidations can push a price higher quickly, and that kind of move often brings extra volatility right after the spike. The token has gained 17% over the last seven days and has doubled in value over the past 12 months. Reports have disclosed that trading activity now dominates BNB Chain, and such sudden flows often feed momentum traders and bots. ATH szn in full swing 1 BNB = $1111 pic.twitter.com/69l8eEPgY3 — BNB Chain (@BNBCHAIN) October 3, 2025 Macro Signals And Rate Expectations Based on market coverage, broader market forces have also been at play. An unexpected ADP payroll print showed a decline of 32,000 jobs in September versus forecasts calling for a 50,000 gain. Official US employment data took a timeout amid stoppage of government functions, leaving traders to weigh partial signals. The CME FedWatch tool put the odds at about 97% for a 25 bps rate cut at the October 29 Fed meeting, and it flagged another potential cut at the December 10 meeting. Those shifting rate expectations appear to have pushed some investors toward assets like gold and cryptocurrencies. Network Changes And Fee Cuts BNB Chain’s own moves helped the rally. Validators cut the minimum gas fee from 0.1 Gwei to 0.05 Gwei earlier…
Filed under: News - @ October 3, 2025 11:29 pm