BNB has reached a new all-time high, surpassing the $827 level. According to Binance market data, the token is trading at its peak of $821.54, marking a 0.80% increase over the past 24 hours.
Bitcoin is also continuing its upward trend; trading at $119,520.55, it has gained 0.79% in the same time frame.
This volatility in the market has led to massive liquidations in futures. According to Coinglass, over $172 million worth of positions were liquidated in the last 24 hours. Approximately $118 million of these liquidations were short positions.
There was a particularly notable increase in trading volume on the BNB side. Spot trading volume increased by 167.65%, reaching $1.65 billion. Open interest in futures increased by 21.42% to $1.39 billion, while open interest in options increased by 31.11% to $9.87 million. However, option volume decreased by 3.16%.
The 24-hour Long/Short ratio, which reflects investor behavior in the BNB/USDT parity on the cryptocurrency exchange Binance, was 1.1327, while the account-based long/short ratio reached 1.6603.
On the liquidation side, a total of $2.14 million in BNB positions were liquidated. $2.11 million of this was short, while only $25,540 was long.
*This is not investment advice.
