While BNB did hit $271.90 on Nov. 21, the move was accompanied by a surge in liquidations.
BNB/USDT daily chart. Source: Velo
At the time of writing, BNB is retracing the majority of its intraday gains, perhaps a sign that the price action reflected the age-old “buy the rumor, sell the news” strategy that remains prevalent throughout the crypto sector.
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