# Binance Coin Drops 5.90% in One Hour to $696 on Binance Spot

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/43894
Published: 2026-10-29T21:07:40.000Z
Updated: 2026-10-29T21:07:40.000Z
Section: Investing

> BNB was down 8.02% over 24 hours. Liquidations across Binance, Bybit and OKX totaled $8.16 million in long positions and $290,000 in short positions during the hour.

Binance Coin (BNB) fell 5.90% in one hour to $696 at 5:05 p.m. ET Thursday, Oct. 29 (21:05 UTC), in TokenPost’s own collection of Binance spot BNB/USDT prices.

TokenPost collected the $696 quote at 6:05 a.m. KST Friday, the same moment as 5:05 p.m. ET Thursday. The $740 reading came from the same Binance spot pair one hour earlier, so the hourly comparison uses the same asset, exchange and trading pair. BNB was down 8.02% over 24 hours at that observation point.

Liquidations across Binance, Bybit and OKX during that hour totaled $8.16 million in long positions and $290,000 in short positions in TokenPost’s exchange aggregation. Those totals cover the same one-hour interval as the reported price drop.

BNB ranked fourth among crypto assets, with a market capitalization of about $97.19396 billion. The figures capture one price observation and the changes measured over one-hour and 24-hour windows.