BNB Price Defies $19 Billion Crypto Crash, Surges to Astonishing New All-Time High
The cryptocurrency market recently experienced a significant downturn. However, one asset remarkably defied the trend. **BNB price** reached an unprecedented **all-time high** on Monday. This surge occurred even as the broader market wrestled with nearly $19 billion in **crypto liquidations**. Investors are keenly observing this unusual performance.
BNB Price Surges Amidst Market Turmoil
Binance’s native token, BNB, demonstrated remarkable resilience. It climbed to a new **all-time high** of $1,370. This happened despite a weekend market crash. The crash triggered massive forced liquidations across exchanges. Specifically, around $19 billion in crypto assets were wiped out. This impressive rally showcases BNB’s unique market position.
Binance Controversy and User Frustration
The market chaos brought significant criticism towards Binance. Users blamed the exchange for technical glitches. These issues allegedly prevented traders from exiting positions. Crypto trader SleeperShadow voiced frustration on X. He claimed Binance systems shut down during a major market crash. This left him unable to close futures positions.
Binance co-founder Yi He addressed these accusations. She called them false allegations. He pointed to wider market conditions. These were the primary reason for the crash, she stated. Data statistics showed Binance’s liquidation proportion was low. This indicated overall market conditions drove the fluctuation. While some platform modules experienced brief lags, core contracts remained stable. Binance later compensated affected users. The exchange distributed $283 million in funds.
Unpacking Crypto Liquidations and Underreporting Claims
The recent **crypto market crash** led to extensive **crypto liquidations**. Concerns arose regarding how these liquidations were reported. Jeff Yan, CEO of Hyperliquid, a decentralized exchange, raised a red flag. He suggested some centralized exchanges (CEXs) might “underreport” user liquidations.
Yan explained that Binance, for example, might report only one liquidation order. This occurs even if thousands happen simultaneously. “Liquidations happen in bursts,” he noted. This could lead to 100x under-reporting in certain conditions. This insight adds another layer of complexity to market transparency.
Market Makers and the $19 Billion Crypto Market Crash
Industry watchers closely examined market maker activities. They sought reasons behind the recent **crypto market crash**. Merlijn The Trader, a popular crypto analyst, highlighted a notable transfer. Market maker Wintermute moved about $700 million worth of Bitcoin (BTC) to Binance. This transfer happened just hours before the crash.
“Then, bang,” Merlijn stated on X. “At $108K, liquidation velocity hit max speed. Buttons froze. Stops failed.” This suggests a potential link. Market maker selling patterns have been under scrutiny. A $2.24 billion liquidation event in February also involved large-scale selling. However, Wintermute founder Evgeny Gaevoy links 2025 crypto crashes to “TradFi events.” He cited DeepSeek and Trump’s tariffs as examples.
BNB’s All-Time High: A Testament to Resilience
Despite the surrounding turbulence, **BNB all-time high** stands as a significant event. It underscores the token’s robust ecosystem. BNB’s performance contrasts sharply with the broader market’s struggles. This resilience could signal strong underlying fundamentals. It might also reflect investor confidence in Binance’s long-term vision. The token’s ability to recover quickly from market shocks is noteworthy. Investors will continue to monitor BNB’s trajectory. Its unique position during a volatile period warrants attention.
