Binance Announces Compensation for Traders Impacted by USDe and WBETH Depegging

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 11 2025

Should l Buy WBETH?

Binance's Compensation Announcement: Binance will compensate users who lost funds due to technical issues during a significant market downturn on October 10, 2023, affecting Futures, Margin, and Loan users with specific collateral assets. Users can apply for compensation for losses directly attributable to Binance's performance.
Market Impact and Liquidations: The crypto market experienced a historic liquidation event, with approximately 1.7 million positions liquidated and nearly $20 billion in open interest erased. Binance accounted for a significant portion of these liquidations, although its share was smaller compared to rival exchanges.

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Technical Analysis for WBETH

Technical Sentiment Analysis for Wrapped Beacon ETH (WBETH) As of , Wrapped Beacon ETH (WBETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WBETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, WBETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Wrapped Beacon ETH (WBETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	771.009	1330.36	1839.209	2398.56	2907.409	3466.76	3975.609
Fibonacci	1330.36	1738.412	1990.507	2398.56	2806.612	3058.707	3466.76

About WBETH

WBETH is a liquid staking token, where 1 WBETH represents 1 ETH and the total staking rewards accrued by the ETH token on ETH Staking.WBETH will allow users to obtain immediate liquidity and participate in DeFi projects, while ensuring their eligibility to receive the corresponding ETH Staking rewards accrued.On-chain users can stake their ETH to obtain WBETH by interacting with the official smart contract provided by Binance. Binance users can wrap their BETH tokens to WBETH, and unwrap their WBETH to BETH tokens on the Binance ETH Staking page at zero fees.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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