First, the data: $BNB 711.45, down 0.72% over 24 hours
Next, the news: Around $359 million in liquidations across the crypto market over the past 24 hours, affecting more than 100,000 people
This isn’t particularly encouraging, but there have also been plenty of cases where the market recovered after selling off on bad news. A single data point can be misleading; looking at the full week gives a clearer picture.