BNB Hits New All-Time High After $19B Crypto Market Crash

BNB has defied the chaos of a historic $19 billion crypto liquidation event, surging to a record high of $1,370 on Monday. The Binance ecosystem token’s strength stands out as the broader market struggles to recover from the weekend’s flash crash that shook traders worldwide.

• BNB soared to a new all-time high of $1,370, according to CoinMarketCap.
• The rally followed a $19 billion crypto market liquidation over the weekend.
• Traders accused Binance of system failures during the crash.
• Binance’s Yi He denied the allegations, calling the crash market-driven.
• Hyperliquid’s CEO claimed CEXs underreport liquidation data.
• Wintermute moved $700 million in Bitcoin to Binance before the crash.

Despite a weekend of unprecedented volatility, BNB emerged as the standout performer in the crypto market, reaching a new all-time high of $1,370 on Monday. The surge came even as Binance faced mounting criticism for alleged platform glitches that left many traders unable to manage their positions during the crash.

According to CoinMarketCap, BNB rebounded sharply from a weekend low, outperforming most major cryptocurrencies. The rally followed one of the largest liquidation events in crypto history, where more than $19 billion in leveraged positions were wiped out across exchanges.

During the turmoil, traders took to social media to vent frustrations, accusing Binance of system failures. “They shut down their system during a major market crash, leaving me unable to close my futures positions,” wrote trader SleeperShadow on X (formerly Twitter).

In response, Binance co-founder Yi He dismissed the accusations, asserting that the crash was driven by broader market conditions, not internal failures. “The proportion of forced liquidations on Binance was at a normal low level,” she wrote, emphasizing that the event was “primarily driven by overall market volatility.”

Yi He acknowledged that some of the exchange’s “modules” experienced brief lags, but clarified that core systems, including spot matching and APIs, “remained stable.” Binance has since compensated affected users with a total of $283 million, as stated in a company announcement on Sunday.

Meanwhile, Jeff Yan, CEO of Hyperliquid, accused some centralized exchanges of underreporting liquidation data. “Even if there are thousands of liquidation orders in the same second, only one is reported,” Yan wrote. He warned that such practices could conceal the true scale of liquidations by as much as 100x under certain conditions.

Adding to speculation, crypto market maker Wintermute reportedly moved $700 million in Bitcoin to Binance hours before the market crash, fueling theories that institutional players contributed to the sudden selloff. Analyst Merlijn The Trader highlighted the timing of the transfer, noting that “at $108K, liquidation velocity hit max speed. Buttons froze. Stops failed.”

Wintermute founder Evgeny Gaevoy later noted that the 2025 crypto crashes have been closely correlated with traditional finance (TradFi) shocks, including Trump’s tariff announcements and macroeconomic events like the DeepSeek incident earlier this year.

Final Thought

BNB’s resilience amid widespread panic highlights its growing reputation as one of crypto’s strongest blue-chip assets. While questions remain over Binance’s handling of the flash crash and the true depth of the market’s leverage problem, BNB’s record-breaking rally underscores investor confidence in the ecosystem’s long-term fundamentals.