Just two days after the major liquidation, BNB hit a new high today! #BNB

To understand why BNB has remained so strong, let's first look at the data. This is against a backdrop of market panic and a weak market during the altcoin season!#Binancemaintains its leading position in terms of 24-hour trading volume, open interest, and liquidity.

Among DEXs,#Asteralso boasts the highest 24-hour trading volume. This is because the BNB ecosystem has a complete internal cycle, maintaining a stable supply and demand relationship. Whether through Alpha or TGE, BNB's price can be kept stable.

Several key factors contribute to BNB's continued highs:

1. As a key token within the Binance ecosystem, BNB enjoys inherent support from exchange fee discounts, on-chain ecosystem activities, and burn/deflation mechanisms. If trading activity and on-chain demand recover quickly after the liquidation, this will also help the price reach new highs.

2. Prior to the liquidation, BNB's bullish trend was strong, support levels were firm, and liquidity and volume all supported a price rebound. The liquidation was a temporary correction, not a trend reversal.

3. During the sharp drop, long positions were liquidated and forced to sell. After some selling pressure was "washed out," the market became relatively cleaner, with less selling pressure, leaving room for a rebound.

Binance announced compensation to affected users (approximately $283 million).