BNB falls below $600, down 23 percent since the Binance hack

BNB fell below $600 on Saturday. According to CoinGecko, the token of the Binance exchange cost $584 at around 5:50 pm Central European Time on November 14, or roughly €530. That is 7.3 percent less than 24 hours earlier and 15.7 percent less over seven days. On CoinGecko's daily data, BNB last traded below $600 on August 11, and it was last this low on August 2.

For holders, a different number matters more. Since October 29, the day of the attack on Binance, BNB has lost around 23 percent. The price stood at $759 back then. Two drivers are overlapping in the decline. The whole crypto market is selling off, and as an exchange token BNB depends more than other large coins on confidence in a single company. What you can check now therefore concerns price and custody alike: your leverage, your exchange and your records.

BNB price on Saturday: $584 and down 7 percent in 24 hours

The slide came in stages on Saturday. Overnight, BNB was still trading at just under $631 on CoinGecko's daily data. In the afternoon the fall accelerated. According to a report by Tokenpost, the price on the Binance spot market dropped to $595 at 4:22 pm Central European Time, a loss of 3.72 percent in just four hours. Four hours earlier it had stood at $618 there. Ninety minutes later, CoinGecko already showed BNB at $584.

Market capitalisation, the price multiplied by the circulating supply, is still around $76.8bn according to CoinGecko. That keeps BNB in fourth place in the crypto market, behind Bitcoin, Ether and Tether. Over 30 days the token is down by just over 20 percent, and it now trades a little more than 57 percent below its record high of $1,369.99 from October 2025.

How the euro price is moving

Holders of BNB in Europe usually think in euros. Here CoinGecko showed around €530 for Saturday afternoon. The €500 mark is therefore still about 6 percent below the current price. For investors who bought at the start of the year, the gap is much larger: in mid-January 2026, BNB still cost almost $948 on CoinGecko's daily data.

BNB below $600: the lowest level since early August

BNB had left the $600 mark behind in mid-August. Between August 9 and August 20 the price oscillated around this zone, followed by the rise to almost $800 in September. The fall back below $600 now wipes out that rally entirely.

Round numbers matter in technical analysis mainly because many traders place buy and sell orders there. A support is a price range where buyers stepped in in the past and slowed a decline. When the price breaks through such a zone, it often turns into resistance, a level where a later recovery tends to stall. Whether that happens at $600 cannot be predicted. The chart does show, however, where BNB turned in the summer.

In July, BNB traded almost continuously between $564 and $575, at $564 on July 25. The lowest level of the summer came on July 1 at around $546. These values from CoinGecko's daily data are the next zones where buyers have shown up before.

Since the Binance hack: $759 on October 29, $584 today

At around $6.3bn, the attack on Binance on October 29, 2026 is the largest known theft from a crypto exchange. On November 12, Binance reported that all affected customer balances had been replaced, as set out in our report on the completed Binance reimbursement of November 13. According to that announcement, the more than $6.34bn came from the SAFU emergency fund, from the futures insurance fund and from the company's own treasury.

So far, the reimbursement news has not turned the BNB price around. In the first days after the attack, the token fell from $759 to around $697 and then held between $680 and $720 for almost two weeks. Only with the broad sell-off from November 12 did it slip below that range. The comparison shows that the reimbursement stabilised the situation but did not trigger a recovery.

BNB is more closely tied to a single company than most large coins. The token serves as the fee currency of BNB Chain, brings discounts on trading fees at Binance and gives access to new token listings on the exchange. News about Binance therefore feeds through to the price more directly than with Bitcoin or Ether.

Weekend market slide: Bitcoin at $65,100, Ether at $1,814

The drop in BNB is part of a broad sell-off. According to CoinGecko, Bitcoin stood at $65,095 at around 5:50 pm Central European Time on Saturday, 5.1 percent lower than 24 hours earlier. Ether fell 5.7 percent to $1,814 over the same period. Our article on the Bitcoin price below the 200-week line from Saturday afternoon puts Bitcoin's own position in context.

BNB is thus falling harder than the two largest coins, but less than some other large altcoins. Solana lost 9.0 percent according to CoinGecko, Cardano 9.5 percent and NEAR Protocol 11.4 percent. Among the 25 largest crypto assets on CoinGecko, only a single one apart from the stablecoins was in positive territory on Saturday afternoon.

Altcoin Buzz cites several pressures at once on Saturday: outflows from US spot Bitcoin ETFs for the seventh trading day in a row, most recently $185.4m on Friday, a stablecoin supply that has shrunk by $14.2bn in 30 days, and the upcoming Federal Reserve rate decision on December 9. None of the sources reviewed names a single cause for Saturday's move.

Liquidations above $1.2bn: how leveraged long positions accelerate the slide

A liquidation is the forced closure of a leveraged position by the exchange as soon as the posted collateral no longer covers the loss. A long position is a bet on rising prices. When the market falls, exchanges sell such positions automatically, and that selling pushes the price down further.

According to CoinGlass data analysed by Altcoin Buzz, positions worth $1.23bn were forcibly closed across the crypto market in the 24 hours to Saturday, almost twice as much as the day before. Long positions made up 82.7 percent of the total. Depending on the source and time window, other analyses put the figure at up to $1.4bn. For BNB alone, Tokenpost reports long liquidations of $1.97m on Binance, Bybit and OKX in the hour to 4:22 pm Central European Time, against short liquidations of only $10,000.

Anyone trading with leverage should know the distance between entry and liquidation price. With tenfold leverage, a price drop of about ten percent is enough to wipe out the collateral, and slightly less once fees and funding costs are included. BNB has lost almost 16 percent in seven days. Our overview of the best perp DEX compares the margin and liquidation rules of the trading venues.

Fear and Greed Index at 13: extreme fear in the crypto market

The Fear and Greed Index from alternative.me measures sentiment in the crypto market on a scale from 0 to 100. Readings below 25 count as extreme fear. On Saturday the index stands at 13, after 20 on Friday. It is built from price volatility, trading volume and social media sentiment, among other inputs.

A low reading is not a buy signal. It only shows that many market participants are currently selling or waiting. In earlier phases of extreme fear, quick recoveries sometimes followed, and at other times several more weeks of falling prices. Anyone who takes the number as a reason to buy more should do so with an amount they can afford to lose.

BNB custody after the hack: proof of reserves and choice of exchange

A proof of reserves is a snapshot in which an exchange shows that it holds at least one unit of a coin for every unit credited to customers. With the reimbursement announcement of November 12, Binance says it published a new snapshot for this proof; the exchange intended to deliver the cryptographic evidence in the following days, as our report of November 13 notes. A snapshot, however, says nothing about the position on a later day.

Anyone who leaves BNB or other coins on an exchange also carries that provider's risk. Whether an exchange is authorised in the EU under the MiCA crypto regulation is shown in the register of the European Securities and Markets Authority, ESMA. Which licensed providers are worth considering is covered in our comparison of regulated crypto exchanges. Holdings you do not actively trade can also be moved to a wallet of your own. BNB runs on BNB Chain, so make sure you pick the right network when withdrawing. How losses and gains from a sale are taxed depends on where you live; tracking tools document every purchase with its date.

BNB levels to the downside and upside: $575, $546 and $656

To the downside, the next documented zones lie in the summer. The first is the daily value of August 2 at around $575, the second the area around $564 from July 25. The summer low of July 1 at around $546 is the third level. All values come from CoinGecko's daily data.

To the upside, the $600 mark itself is the first hurdle. After that comes the daily value of November 13 at around $656, the level before the slide of the past 36 hours. Only above that would the price be back in the $680 to $720 range in which BNB held for two weeks after the hack. This is not a forecast but a classification based on past price data.

BNB price below $600: the recovery depends on the wider market

Whether BNB reclaims $600 depends, in our editorial view, less on Binance itself than on the overall market. The reimbursement after the hack has been reported; the new pressures currently come from ETF outflows, liquidations and the interest rate question. Three steps help you assess the situation for your own portfolio:

1. Check your exchange: Confirm whether your provider holds a MiCA licence and compare alternatives among the regulated crypto exchanges.
2. Reduce leverage: Recalculate the liquidation price for every open position and compare the margin rules at the best perp DEX.
3. Keep records: Note when each of your BNB purchases was made, for example with one of the crypto tax tools.

(As of November 14, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)