BNB surges past $1,250, fueling massive short liquidations

BNB smashes new price Records Above $1,290 and Drives Massive Short Liquidations - Crypto Economy

TL;DR BNB surged to a new all-time high of $1,296, marking a 6.03% increase in the last 24 hours. The rally led to $8.26 million in short positions being liquidated, indicating strong upward momentum. The broader Binance ecosystem, including tokens like GIGGLE, also experienced significant gains, reflecting growing investor confidence. Binance Coin (BNB) has achieved a new all-time high, surpassing $1,290 and reaching $1,296.74, a 6.03% increas…

BNB surges past $1,250, fueling massive short liquidations

BNB, the native asset of Binance’s ecosystem, is setting more records after moving above $1,250. The token accelerated short liquidations as it moved fast into previously uncharted price levels.  BNB is setting a new series of price records, climbing above $1,250. The recent price rally into uncharted territory, caused a new wave of short liquidations. BNB retained its upward momentum even as BTC moved down from its peaks, while other blue-chip …