Binance’s ecosystem to Token BNB reached a new all-time high on Monday, raising the broader cryptocurrency market, which still recovered from $ 19 billion in the weekends.
The bnb (Bnb) Token rose to a new all-time high of $ 1,370 on Monday, according to CoinMarketCap The data, strong rebounding after a weekend crashing The forced liquids Throughout the exchange.
The rally arrives despite heavy criticism from Binance users blaming the exchange of contributing to market chaos after technical glitches have left entrepreneurs unable to get out of positions.
“I’m done with Binance. They closed their system during a basic market crash, left me unable Post.
Binance co-founder Yi called these false allegations, pointing to the broader market conditions as the main reason behind the crash.
“According to data statistics, the proportion of forced extermination values processed by the Binance platform associated with the total trading volume is at a normal low level, indicating that this break -up is primarily driven by general market conditions,” he wrote in a week X X Post.
While some of the platform’s “modules” experienced “short lags,” Binance’s major contracts, matching engines that match machines and trading APIs “have remained stable,” the post said.
Binance has distributed $ 283 million worth of funds to compensate users affected by these glitches platforms, according to one week announcement.
Related: Ethereum Layer 2s Outperform Crypto Relief Rally after $ 19B Crash
Some CEXs are “underreporting” fluids to the user: founder of hyperliquid
Adding to investor concerns, some centralized Cryptocurrency Exchange (CEXS) It could be “UnderReporting” the size of liquid usersAccording to Jeff Yan, CEO and co-founder of Decentralized Exchange (DEX) Hyperliquid.
“Some CEXs write to the public that it is noticeable that the fluids in the user have been reproduced,” Yan said in a Monday x Post.
“For example, in Binance, although there are thousands of extermination orders in the same second, only one has been reported. Since avoidance occurs in explosions, it is easy to be 100x under reporting under certain conditions,” he added.
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Wintermute moved $ 700 million to Bitcoin before crashing over the market
Following the Crypto Market crash, some industry observers blame the cryptocurrency market makers.
Notably, crypto Manufacturer of Wintermute market moved about $ 700 million worth of bitcoin (Btc) in Binance a few hours before the crash, according to the Crypto’s popular Analyst Merlijn the businessman.
“Hours before the dump: Wintermute moved $ 700m to Binance. (…) Then, Bang. At $ 108k, the extermination speed hit the max speed. The buttons frozen. Stopping failed,” the analyst wrote on a Monday X Post.
The sale patterns of market makers have been closely watched since February $ 2.24 billion crypto extermination Event, which has seen large -scale sale from many market participants, including market makers.
The Crypto market crashing of 2025 was “linked directly to tradfi events,” such as Deepseek And Trump’s tariffs, according to Evgeny Gaevoy, foundermute founder.
https://www.youtube.com/watch?v=wghcn7de9lg
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