BNB price rises 17% as Binance compensates users

The BNB price is up 17% in the last 24 hours of trading $1,356 as of 4:00 am EST on a 74% increase in daily trading volume to $11.89 billion.

That price increase comes as Binance prepares to pay $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 be de-pegged.

Market data shows that USDE, BNSOL, and WBETH experienced severe depegging events on Binance early today. USDE fell to $0.6567, BNSOL fell to $34.9 and WBETH fell to $430.65 at the low. Binance has responded to the incident and stated that the team… pic.twitter.com/QLS6H1PfnH

— Wu Blockchain (@WuBlockchain) October 11, 2025

Ethena’s USDe, which was intended to remain at $1, briefly fell below $0.66 on Binance, although the price remained stable in other major venues. The main trigger appears to have been a rapid wave of liquidations caused by macroeconomic news and panic selling, rather than a technical glitch at Binance itself.

This doesn’t look good for Binance😳

New reports suggest the exchange may have underreported liquidations by up to 100 times.

Jeff Yan, founder of $HYPE (Hyperliquid), claims Binance and other major CEXs are masking the true extent of liquidations by bundling multiple events… https://t.co/DeNcmMvhaY pic.twitter.com/Ajw1QbsF9d

— Cowboy (@CryptoCowboy_AU) October 13, 2025

On-chain data showed a large group of forced liquidations between 9:36 PM and 10:16 PM UTC, while macro news, including policy shifts and global tensions, had already sparked a market-wide sell-off just minutes earlier. The event coincided with a record $20 billion crypto liquidation, one of the largest single-day selloffs in history.

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

BNB price impact on the chain and market reaction

Signals in the chain since the compensation was announced have shown mixed emotions. Data shows a spike in both trade activities and wallet transfers, as users quickly moved assets and rebalanced their holdings after the event.

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

BNB transaction count Source: Token Terminal

Binance has now added new benchmark index protections and a soft price floor for USDe to help protect users going forward. The company has also promised to manually process all support requests for those not automatically covered, although customer service is reportedly swamped with requests at the moment.

BNB price is targeting $1,416 as the next major resistance level

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

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

After bouncing back from support near $730, the price of BNB has risen and moved above the key Fib retracement levels. This bullish move places $1,297 (3,618 Fib level) and $1,416 (the key resistance area from extended Fibonacci projections) as the next major hurdles.

BNBUSD analysis Source: Tradingview

The technical momentum remains current. The RSI (Relative Strength Index) is in overbought territory at 81.78, warning that the price could see a near-term cool-off or sideways action before making its next big move.

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

The BNB price has also hit higher highs and higher lows since the rebound in late 2024. Bulls have the power as long as BNB remains above $1,250-$1,280. If there is any profit taking, the downtrend is protected by a strong group of buyers around $1,200. If broken, there could be a test of support at $1,050-$1,100 before a new uptrend forms.

If positive momentum continues and higher risk appetite returns, a close above $1,360 opens the door to a possible 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 sentiment about the ecosystem.

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