BNB Jumps 13%, Triggering $12 Million in Liquidations in 24 Hours
Summary
- BNB surged about 13%% and was trading at $739.85, up roughly 12.61%% from a day earlier.
- The sharp rally triggered about $12 million in position liquidations in the futures market over the past 24 hours.
- Position liquidations in BNB were concentrated mainly on Binance at 74.01%%, followed by OKX and Bybit.
Forecast Trend Report by Period
BNB surged more than 13%, triggering about $12 million in liquidations in the futures market.
According to CoinMarketCap, BNB was trading at $739.85 as of 12:40 p.m. in South Korea on May 31, up about 12.61% from a day earlier. The token has gained nearly 20% over the past month.
The rally also sparked sizable liquidations in futures trading. CoinGlass data showed $12.5 million worth of BNB positions were liquidated over the past 24 hours.
Short liquidations accounted for $11.93 million, while long liquidations totaled $580,000. The largest single liquidation was estimated at 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%.
