BNB Price Soars 17% as Binance Compensates Users

BNB price soared 17% in the last 24 hours to trade at $1,356 at 4:00 a.m. EST on a 74% increase in daily trading volume to $11.89 billion.

The price hike comes as Binance prepares to pay out $283 million in compensation to users affected by the October 10 flash crash that caused several assets, including Ethena’s USDe stablecoin, BNSOL, and WBETH to crash.

Market data shows that USDE, BNSOL, and WBETH experienced severe selloff events on Binance early today. USDE plunged as low as $0.6567, BNSOL fell to $34.9, and WBETH fell to $430.65 at the lowest point. Binance responded to the incident, stating that the team is… pic.twitter.com/QLS6H1PfnH

– Wu Blockchain (@WuBlockchain) October 11, 2025

Ethena’s USDe, set to remain at $1, briefly fell below $0.66 on Binance, although its price remained more stable on other major venues. The main trigger appears to have been a rapid wave of liquidations, triggered by macroeconomic news and panic selling, rather than a technical malfunction of Binance itself.

This doesn’t look good for Binance😳

New reports suggest the stock market may have underestimated liquidations by as much as 100 times.

Jeff Yan, founder of $HYPE (Hyperliquid), claims that Binance and other major CEXs are masking the true scale of liquidations by consolidating multiple events… pic.twitter.com/Ajw1QbsF9d

– Cowboy (@CryptoCowboy_AU) October 13, 2025

On-chain data showed a large cluster of forced liquidations between 9:36 p.m. and 10:16 p.m. UTC, while macro news, including political changes and global tensions, had already triggered a market-wide sell-off minutes earlier. The event coincided with a record $20 billion crypto liquidation, one of the largest single-day sales in history.

To deal with the aftermath, Binance agreed to compensate users who suffered verified collateral losses on futures, margin, and loan accounts.

BNB Price Impact on Chain and Market Reaction

On-chain signals since the compensation announcement show mixed emotions. Data shows an increase in both cases trade activity and wallet transfers, as users quickly moved their assets and rebalanced their holdings after the event.

Activity on Binance Chain has accelerated, with more users than ever monitoring token stability and risk controls. While some USDe, BNSOL, and WBETH holders rushed to buy back or reposition, others took advantage of the temporary price drops.

Source of number of BNB transactions: token terminal

Binance has now added new benchmark protections and a soft floor price for USDe to help protect users in the future. The company has also committed to manually handling all support cases for those not covered automatically, although customer service is currently reportedly overwhelmed with requests.

BNB price targets $1,416 as next major resistance level

BNB has once again pushed higher, defying broader uncertainty in the crypto market. BNB is currently trading near $1,354 after hitting a weekly high of $1,360, marking a sustained recovery from crash lows.

Technical analysis of the weekly chart shows that BNB is trading well above its major moving averages. The 50-week SMA stands at $731.95 and the crucial 200-week SMA stands at $456.42. The closest support level for coin price is the $730-$750 region, closely linked to the 50-week SMA. Longer-term support is around $456.

After bouncing off support near $730, BNB price moved higher, surpassing key Fib retracement levels. This bullish leg places $1,297 (3.618 Fibonacci level) and $1,416 (the main resistance zone of the extended Fibonacci projections) as the next key obstacles.

BNBUSD analysis source: Tradingview

Technical momentum remains hot. The RSI (Relative Strength Index) is in overbought territory at 81.78, which warns that the price could experience a short-term cooling or sideways action before making its next big move.

Meanwhile, the MACD is deeply positive, with strong divergence supporting the uptrend. ADX at 43.1 confirms a powerful trend, but also signals that volatility may be ahead.

BNB price has also been hitting higher highs and higher lows since the late 2024 rebound. Bulls remain in control as long as BNB stays above $1,250 – $1,280. If profit-taking takes hold, the downside is protected by a strong group of buyers near $1,200 and, if broken, a test of support between $1,050 and $1,100 could follow before a new uptrend forms.

If positive momentum continues and risk appetite returns, a close above $1,360 opens the door for a potential move towards $1,416 in the coming weeks. Otherwise, traders will look for dips as new entry points, as long as BNB price remains above the $1,200 support.

BNB remains one of the best performing coins, outperforming most other large caps, thanks in part to strong management response and improving ecosystem sentiment.

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