A recent market downturn triggered by U.S. tariffs exposed vulnerabilities in the cryptocurrency industry’s leverage system and other key components. The fast-moving decline wiped out traders with large positions, causing widespread liquidations across exchanges, but some platforms profited from this chaos. Despite losses on a larger scale, data reveals that leading exchanges have capitalized on these events by collecting record fees, while Binance saw its insurance fund decline by $186 million, still substantial relative to trading activity. 10x Research suggests the market’s structure has been reset. With many overleveraged traders eliminated and funding rates returning to normalcy, the market is seeing a gradual rebound in depth. This period of volatility could be key for a strong rebound, with analysts pointing to Binance’s native token, BNB as a potential high-growth candidate. Once overlooked during past rallies, BNB might double in value if liquidity returns and risk appetite strengthens.