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The BNB token recorded $3.6 billion in buying and selling quantity, as the worth fell again to commerce throughout the falling wedge sample, because the Binance change disclosed plans to transform the SAFU fund’s $1 billion stablecoin reserves into Bitcoin inside 30 days to revive the fund to $1 billion if value fluctuations push its worth beneath $800 million.
Binance Coin value has dropped 5.1% within the final 24 hours to $841.54 as of 04:04 a.m. EST, because the crypto market additionally fell over 5% to $2.89 trillion, in keeping with Coingecko information.
On account of this continued drop, BTC dropped sharply, reaching its lowest degree in over two months, as a wave of pressured liquidations hit leveraged merchants whereas traders weighed the potential impression of a US Federal Reserve management change.
Information from Coinglass present that roughly $1.74 billion in leveraged positions have been worn out over the previous 24 hours amid the sell-off, with 93% of those coming from lengthy positions.
Binance To Shift $1 billion Consumer Safety Fund Into Bitcoin
Binance, the world’s largest crypto change by buying and selling quantity, introduced a plan to transform all the $1 billion reserve of its Safe Asset Fund for Customers (SAFU) from stablecoins into BTC over the following 30 days.
The fund was created to guard customers from losses brought on by unexpected occasions, akin to information breaches. It added that if bitcoin’s value swings drop the fund’s worth beneath $800 million, the change will high it again as much as $1 billion.
“This initiative is a part of Binance’s long-term industry-building efforts, and we are going to proceed to advance associated work, step by step sharing extra progress with the group,” Binance stated on X.
— 币安Binance华语 (@binancezh) January 30, 2026
Below the outlined plan, the change will step by step purchase BTC as a approach of avoiding sudden market disruption, a daring transfer by a centralized change to again up person funds with BTC.
Changing $1 billion over 30 days implies roughly $33 million in every day BTC purchases, which may, in flip, assist stabilize the cryptocurrency’s drawdowns.
Moreover, with the $800 million rebalance threshold, Binance will commit to purchasing the dip if the BTC value falls sharply.
CZ Denies Massive-Scale BNB Promoting By Binance
Because the crypto market corrected, Binance founder Changpeng ‘CZ’ Zhao denied allegations that the change engaged in large-scale promoting of assorted cryptocurrencies, which can have contributed to the sustained market decline.
In response to CZ, the unfavourable rumors are dangerous to the broader market however not personally impactful.
FUD does not damage the goal. My followers elevated.
FUD hurts the market (ie everybody).
I/Binance don’t promote in any significant quantities.
My promoting = I swipe my card and $5 price of BNB will get transformed/despatched to the espresso store.
I do not run Binance anymore, however primarily based on what I…
— CZ 🔶 BNB (@cz_binance) January 30, 2026
In response to CZ, he and Binance haven’t engaged in any “significant” promoting actions, and any private gross sales have been restricted to every day bills.
CZ’s feedback observe allegations that the co-founder and the change have engaged in market manipulation and self-serving practices through the years.
Engaged on a observe up article for these ….
Simply as Binance are nuking the market https://t.co/xgyg24N9Pn pic.twitter.com/vbNC8QB39C
— $trong (@StrongHedge) January 29, 2026
BNB Value Drops Under Key Help, Dangers A Sustained Plunge
The BNB value has fallen again beneath the 50-day Easy Transferring Common (SMA), reinforcing the narrative of a sustained decline.
After a dramatic surge in October 2025, Binance Coin entered a correction and started buying and selling inside a well-defined falling wedge sample.
After a breakout early this 12 months, the worth of BNB is again beneath the decrease boundary of the wedge, as sentiment modified to bearish.
BNB’s Relative Power Index (RSI) additionally helps the general bearish pattern, because it continues to drop in direction of the 30-oversold area, at present at 36.74.
With the worth of the Binance Coin dropping again throughout the higher boundary of the falling wedge sample, the outlook is at present bearish, as the worth now dangers a sustained drop again deep throughout the wedge.
If the bears proceed to exert stress, BNB dangers a continued downtrend in direction of the $820.63 help space, which acted as a robust demand space in late 2025. This might be pushed by the SMAs forming round $884.27, with the 200-day SMA transferring above the 50-day SMA.
Conversely, if the Binance Coin reclaims the 50-day SMA resistance degree round $882.23 and manages to shut above the 200-day SMA ($921), the following key goal would be the $1,000 psychological zone.
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