BNB Soars Past $1,112 as Short Sellers Meet Their Waterloo 🐸💸

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Why, bless your heart, if Binance Coin ain’t been juggling its way to a grand new high of $1,112 like a circus monkey with a golden coin stash! It’s been a wild 24-hour ride, and poor short sellers? Well, they’ve been liquidated so thoroughly, they’re probably writing apologies in invisible ink. Meanwhile, Bitcoin and Ethereum are back in vogue, like a pair of well-worn boots after a drought.

Per CoinMarketCap, BNB’s currently trading at $1,097.47, which is just $13.47 shy of a new hat trick. The 24-hour volume? A tidy $4.21 billion-enough to buy every man, woman, and child in Topeka a new pet frog. And let’s not forget the 6.47% surge in one day; that’s the kind of momentum that makes a steamboat look like a snail.

Now, Coinglass tells us folks have been busy wiping out $396 million in positions like they’re scrubbing a coal-blackened boiler. Short sellers lost $268 million-probably on their knees, begging for mercy-while long traders coughed up $127 million. It’s a bloodbath out there, folks, and the survivors are probably sipping bourbon and grinning like Cheshire cats.

Rising Momentum and Trader Sentiment

The bullish crowd’s been throwing confetti on the bears, who’ve been hit with $7.34 million in losses. It’s a carnival of chaos, and the funding rates? Oh, they’ve been dancing like a jaybird in a hailstorm. From July to October, they spiked above 0.01% like a rocket ship, only to dip briefly into negative territory-proof that even bears can’t stay grumpy forever.

And if you squint at that chart, it’s a rollercoaster of greed and fear. The bears tried to take over a few times, but the bulls just winked and said, “Not today, good sir.”

Technical Signals and Price Outlook

TradingView says BNB’s been climbing a rising channel since July like a mountain goat on a sugar rush. It recently kissed the $1,098 mark, which is just $2 away from a new record. The 200-day EMA’s holding steady at $774, and the MVRV Z-Score’s whispering, “Keep it coming, darlin’.”

Henry, our prophet of crypto, declared on X that BNB’s broken its “bullish flag” and aims for $1,200. He’s got the kind of confidence that makes you want to pack your bags and follow him into the sunset-or at least buy a few more coins. “Congrats to the real diamond hands,” he says, “the ones who held through 2022 like it was the Civil War.”

$BNB’s doing the same, which I told you earlier.

Bullish flag got a break, and the target is $1200 for the new ATH.

We are so close to that.

Cycle top vibes hitting different.

Congrats to the real diamond hands who held through 2022.

Finally, @cz_binance words true < Buy…

– Henry (@LordOfAlts) October 3, 2025

And let’s not forget CZ’s “buy the dip” mantra, which Henry now swears by. His next target? $2,000. “100 BNB and a dream is enough to retire your entire bloodline,” he cackles. If that ain’t a call to arms, I don’t know what is!

With BNB now past $1,100 and shorts licking their wounds, the next stop’s $1,200. The market’s a circus, and the bulls are the ringmasters. Buckle up, partner-it’s BNB season!

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2025-10-03 12:01