BNB’s (

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.