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As per on-chain analytics, BNB ascended to an unprecedented peak of $1,111 and traded around $1,110 following an 8% increase in the last 24 hours.
Associated Reading
Statistics indicate that nearly $400 million in positions were liquidated across the BNB market within the past day, with approximately $270 million of that originating from short positions and $127 million from long positions.
Liquidations And Short Squeeze
The substantial liquidation figure underscores a rapid and sharp movement that forced leveraged traders out of the market. Short sellers experienced the most significant impact, which aids in clarifying the abrupt increase.
Swift liquidations can accelerate a price upward quickly, and such movements frequently introduce additional volatility immediately after the surge.
The token has appreciated 17% over the past week and has doubled its value over the preceding 12 months.
Reports have revealed that trading activity presently dominates BNB Chain, and such abrupt inflows often bolster momentum traders and automated systems.
ATH season in full effect 🫡
1 BNB = $1111 pic.twitter.com/69l8eEPgY3
— BNB Chain (@BNBCHAIN) October 3, 2025
Macro Signals And Rate Projections
Based on market analysis, broader market dynamics have also been influencing the situation. An unanticipated ADP payroll report indicated a reduction of 32,000 jobs in September, contrasting with predictions anticipating a 50,000 increase.
Official US employment statistics were paused amidst the suspension of government activities, leaving traders to assess partial indicators. The CME FedWatch tool positioned the probability at roughly 97% for a 25 bps rate cut during the October 29 Fed meeting, and it highlighted another prospective reduction at the December 10 meeting.
These altering rate expectations seem to have nudged some investors toward assets such as gold and cryptocurrencies.
Network Modifications And Fee Reductions
BNB Chain’s own actions contributed to the rally. Validators lowered the minimum gas fee from 0.1 Gwei to 0.05 Gwei earlier this week, following previous cuts that reduced fees from 3 Gwei to 1 Gwei in April 2024 and subsequently to 0.1 Gwei in May 2025.
Block intervals were condensed from 750 milliseconds to 450 milliseconds, and proposals now target per-transaction fees around $0.005 with a long-term aim of $0.001.
Today, all BNB Smart Chain (BSC) validators and builders have embraced the new minimum gas price of 0.05 Gwei, and BSC is fully prepared to accommodate transactions at this rate.
That’s ~$0.005 per transaction, positioning BSC as one of the most cost-effective blockchains in the crypto realm.
What this… https://t.co/qEAHIUHVRI pic.twitter.com/56g86yHgWN
— BNB Chain (@BNBCHAIN) October 1, 2025
Validators claim that staking APY has remained above 0.5%, and they argued that reduced fees help maintain strong trading activity. Transactions related to trading allegedly increased from roughly 20% at the beginning of 2025 to 67% by June.
Associated Reading
Sovereign Interest And Market Positioning
Meanwhile, Kazakhstan’s state-backed Alem Crypto Fund selected BNB as its inaugural investment asset. The Ministry of Artificial Intelligence and Digital Development established the reserve, while the Qazaqstan Venture Group, within the Astana International Financial Centre, oversees the fund.
No acquisition amount was revealed. A government-linked decision to hold BNB provides a public-facing endorsement that could be significant for some institutional and regional stakeholders.
Featured image from Nicolas Martinez, chart from TradingView
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