#ShareYourThoughtOnBTC
BNB, the native cryptocurrency of the Binance ecosystem, has recently experienced a notable price increase. Here's the latest price information:
This upward movement can be attributed to several factors:
Short Liquidations: Recent data indicates that traders holding short positions in BNB futures have faced significant liquidations. Since December 3, approximately $5.48 million in short positions were liquidated, nearly double the $2.72 million in long positions. This imbalance suggests that a short squeeze may have contributed to the price surge.
