TLDR
- BNB Coin price broke through $1,085 resistance and hit a new all-time high above $1,167, with analyst Javon Marks targeting $1,520 next.
- Derivatives activity surged dramatically with trading volume up 129% to $5.59 billion, open interest rising 24% to $2.39 billion, and options volume jumping 52%.
- BNB Chain validators reduced minimum gas fees from 0.1 Gwei to 0.05 Gwei, making transactions cost around $0.005 on the network.
- Nearly $400 million in leveraged positions were liquidated in 24 hours, with $270 million from short positions contributing to the price surge.
- Kazakhstan’s state-backed Alem Crypto Fund selected BNB as its first investment asset, marking the first sovereign-level endorsement for the token.
Binance Coin price has climbed to a new all-time high, breaking past $1,167 after clearing the $1,085 resistance level. The token currently trades around $1,148, up 8% in the past 24 hours and 17% over the last seven days.
Analyst Javon Marks has identified $1,520 as the next price target following this breakout. His chart shows BNB has maintained support from an ascending trendline for months. The previous resistance at $1,085 now acts as immediate support, strengthening the path toward the projected target.
$BNB (Binance Coin) has now broken above its $1,085.7 target level and this could be opening up much more upside!
Prices hold above this level and they could go on an additional +33% climb to the $1,520.8 target… https://t.co/3HylihAvk2 pic.twitter.com/YGDT7Jv2kf
— JAVON⚡️MARKS (@JavonTM1) October 3, 2025
The Directional Movement Index shows the +DI leading the –DI, while the ADX reads 33. This indicates strong trend strength, as readings above 25 typically confirm robust directional power. The technical setup suggests buying activity continues to dominate the market.
Derivatives Market Activity Jumps
Trading volume in BNB derivatives has increased 129% to reach $5.59 billion, according to CoinGlass data. Open interest rose 24% to $2.39 billion, showing traders are holding more positions. Options volume jumped 52% to $8.77 million.
The surge in derivatives activity reflects increased market participation. Higher open interest typically indicates stronger conviction among participants. The volume spike shows capital is flowing into BNB at an accelerated rate.
Liquidation data shows nearly $400 million in positions were closed in the last 24 hours. Short positions accounted for $270 million of that total, while long positions made up $127 million. The heavy short liquidations contributed to the sharp upward price movement.
Network Upgrades Lower Transaction Costs
BNB Chain validators implemented a gas fee reduction this week. The minimum gas fee dropped from 0.1 Gwei to 0.05 Gwei. This change brings transaction costs to approximately $0.005 per transaction.
The network previously reduced fees from 3 Gwei to 1 Gwei in April 2024. Another reduction to 0.1 Gwei followed in May 2025. Validators also tightened block intervals from 750 milliseconds to 450 milliseconds.
Longer-term proposals aim to reduce per-transaction fees to $0.001. Validators report that staking APY has remained above 0.5% despite the fee reductions. Trading-related transactions on the network grew from 20% at the start of 2025 to 67% by June.
BNB Chain has expanded its role in real-world asset tokenization. The platform now supports tokenization of gold, treasuries, and other financial instruments. This utility adds to the ecosystem beyond speculative trading.
Kazakhstan’s state-backed Alem Crypto Fund named BNB as its first investment asset. The Ministry of Artificial Intelligence and Digital Development established the reserve. The Qazaqstan Venture Group manages the fund under the Astana International Financial Centre. The fund did not disclose the purchase amount.
