“A truly community effort” – BNB price hits a new ATH of $1000

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Key Takeaways

How did the community react to BNB’s new ATH above $1000?

Ah, the sweet nectar of success. CZ, that ever-dashing founder of Binance, couldn’t help but shower his adoring fans with gratitude for their part in propelling BNB from the humble $0.10 to a towering $1000. A true Cinderella story, if I’ve ever heard one. 🏆

Can BNB extend its rally?

As the market finds itself in the throes of a Q4 season, we might just see a continued rally-unless, of course, the exchange decides to rain on the parade with some classic selling pressure. But who can predict such things? Oh, the drama of it all! 🎭

On the 18th of September, the illustrious Binance Coin [BNB] reached a jaw-dropping all-time high (ATH) of $1006 on the Binance exchange. Quite the spectacle, really.

The rally was so extended, it was practically doing laps around the moon, bringing its monthly gain to a staggering 15%, riding on the back of a broader relief rally after the Fed rate cut. Oh, and the trading volume? It soared by 28%. It’s as if the market decided to throw a party, and everyone showed up! 🎉

The next target? Well, if BNB keeps up its daredevil act, it could very well break through the $1016 mark and flirt with the $1.2K level. Go on, BNB, show us what you’ve got. 😎

A ‘Truly Community Effort’

Upon this monumental achievement, CZ, ever the modest soul, lauded the community for their role in BNB’s rise. From a mere $0.10 at ICO to $1000? A feat for the ages! The man even dared to dream that BNB could hit $10K. Ambitious, but why not? Dream big, right? 💭

The surge was also marked by a record-breaking Open Interest (OI) of $2 billion. Ah, the sweet sound of futures demand ringing in the air. Futures traders, are we? Or just future millionaires in the making? 💰

But let’s not get ahead of ourselves, for we know that crossing such psychological price barriers usually invites a parade of selling pressure. AMBCrypto, being ever the diligent detective, took a peek under the market’s hood to check for any frothy bubbles. 🍾

The Funding Rate heatmap was kind enough to show us that BNB’s rates were sitting at a rather comfortable 10%, still a fair distance from the frothy, frothy levels that could send us all into liquidation despair. So breathe easy, my fellow speculators, all is calm-for now. 😌

In short, there’s room to grow. The market hasn’t gotten *too* excited yet. There’s still time for that sweet, sweet speculative rush. ⏳

Of course, there was that curious spike in coins being sent to exchanges. It’s like a stampede of BNB, all heading straight for the doors. According to CoinGlass, this trend could mean impending selling pressure. It’s as if the crowd is getting ready to bail. 💸

Still, don’t let that discourage you. With Q4 strong seasonals in the mix, any pullbacks could just be a perfect buying opportunity-assuming you like buying things when they’re on sale. 😏

Now, if things do go south (as markets often do when least expected), key levels to watch will be $940 and $900. Think of it as the market’s way of saying, “Hey, we’ve got room to fall. You might want to start considering your options.” 💡

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2025-09-18 15:56