BNB Jumps 13%, Triggers $12 Million in 24-Hour Liquidations
Summary
- Binance Coin (BNB) jumped more than 13%% and is up nearly 20%% from a month ago.
- The rally triggered about $12 million in liquidations of BNB positions in the futures market over the past 24 hours.
- Of that total, short positions worth $11.93 million and long positions worth $580,000 were liquidated, with most of the liquidations concentrated on Binance.
Forecast Trend Report by Period
BNB surged about 13%, triggering roughly $12 million in liquidations in the futures market.
According to CoinMarketCap, BNB was trading at $739.85 as of 12:40 p.m. in Korea on May 31, up 12.61% from a day earlier. The token has climbed nearly 20% over the past month.
The rally also sparked large liquidations in the futures market. CoinGlass data showed that $12.5 million worth of BNB positions were liquidated over the past 24 hours.
Short liquidations totaled $11.93 million, while long liquidations came to $580,000. The largest single liquidation was about $400,000.
Odaily reported that most BNB liquidations were concentrated on Binance, which accounted for 74.01% of the total. OKX followed with 10.54%, and Bybit with 5.1%.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
