BNB, the native token of the Binance ecosystem, surged on October 3, 2025, climbing nearly 8% to break above the $1,100 mark and reaching an intraday peak of $1,112. Over the past month, BNB has gained almost 30%, with trading volumes surpassing $4.35 billion. Data from Coinglass revealed total liquidations of $391 million, with $268 million coming from short positions, highlighting the strength of bullish momentum. Popular crypto analyst Patel set ambitious price targets, suggesting BNB could rise to the $2,000–$3,000 range, with a highly optimistic outlook of $5,000.
BNB’s record performance coincides with broader market optimism fueled by expectations of interest rate cuts in the U.S., compounded by the partial government shutdown. Currently trading around $1,087, just under the $1,100 threshold, BNB’s monthly rally has pushed its weekly trading range toward the upper band.
Short liquidations dominated recent activity, reflecting heavy buying pressure as strong support consolidated around $1,000. Increased trading volumes, up nearly 30%, suggest that market participants are positioning for further upside.
Several key catalysts have supported BNB’s rise. Regulatory progress linked to Binance’s $4.3 billion settlement helped ease investor concerns, while growing adoption of the BNB Chain as a leading platform for real-world asset tokenization strengthened its ecosystem. Additionally, the rapid expansion of Aster, a BNB-based Layer 2 DEX, boosted on-chain activity alongside broader liquidity growth. These developments reinforce the belief that BNB could be poised for new price milestones.