Key Notes
BNB price fell 9.6% but held above $1.000, on Saturday, outperforming rival large-cap cryptocurrencies.
Data shows traders favored BNB and BTC in “flight-to-safety” trades amid $19 billion in liquidations.
The exchange token sector proved more resilient, declining only 5.4% versus the 9% global crypto market drop.
BNB price held above $1,130 on Saturday, October 11, declining 9.6% in line with the broader market crash that wiped out $19 billion from the global crypto liquidation in 24 hours. Yet, key market data shows BNB displayed stronger resilience and remains better positioned for an early rebound than rival layer-1 tokens.
BNB and BTC Cut Losses to Single Digits Amid Flight-to-Safety Bets
BNB retraced from all-time highs of $1,330 on Monday to a weekly low of $1,043 during Friday’s crash before rebounding to $1,132 at press time. Notably, BNB’s 9.6% intraday loss outpaces its modest 7-day decline of only 1.7%, signalling strong buying pressure re-emerging at key psychological levels as weak hands exited.
This dual function makes BNB an attractive hedge during market stress. Coingecko’s aggregate data on the crypto exchange tokens sector further reflects this narrative on Saturday. As seen above, the exchange token sector declined by only 5.4% to $221.4 billion in aggregate market capitalization on Saturday, outperforming the broader crypto market’s 9% contraction to $3.8 trillion.
