No Result
View All Result
  • Login
Thursday, August 6, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Cryptocurrency

BNB Price Prediction As Binance Shifts SAFU To Bitcoin

by theadvisertimes.com
6 months ago
in Cryptocurrency
Reading Time: 5 mins read
A A
0
BNB Price Prediction As Binance Shifts SAFU To Bitcoin
Share on FacebookShare on TwitterShare on LInkedIn


Join Our Telegram channel to stay up to date on breaking news coverage

The BNB token recorded $3.6 billion in trading volume, as the price fell back to trade within the falling wedge pattern, as the Binance exchange disclosed plans to convert the SAFU fund’s $1 billion stablecoin reserves into Bitcoin within 30 days to restore the fund to $1 billion if price fluctuations push its value below $800 million.

Binance Coin price has dropped 5.1% in the last 24 hours to $841.54 as of 04:04 a.m. EST, as the crypto market also fell over 5% to $2.89 trillion, according to Coingecko data.

As a result of this continued drop, BTC dropped sharply, reaching its lowest level in over two months, as a wave of forced liquidations hit leveraged traders while investors weighed the potential impact of a US Federal Reserve leadership change.

Data from Coinglass show that roughly $1.74 billion in leveraged positions were wiped out over the past 24 hours amid the sell-off, with 93% of these coming from long positions.

Binance To Shift $1 billion User Protection Fund Into Bitcoin

Binance, the world’s largest crypto exchange by trading volume, announced a plan to convert the entire $1 billion reserve of its Secure Asset Fund for Users (SAFU) from stablecoins into BTC over the next 30 days.

The fund was created to protect users from losses caused by unforeseen events, such as data breaches. It added that if bitcoin’s price swings drop the fund’s value below $800 million, the exchange will top it back up to $1 billion.

“This initiative is part of Binance’s long-term industry-building efforts, and we will continue to advance related work, gradually sharing more progress with the community,” Binance said on X.

https://t.co/tbXqWVtp95

— 币安Binance华语 (@binancezh) January 30, 2026

Under the outlined plan, the exchange will gradually acquire BTC as a way of avoiding sudden market disruption, a bold move by a centralized exchange to back up user funds with BTC.

Converting $1 billion over 30 days implies roughly $33 million in daily BTC purchases, which could, in turn, help stabilize the cryptocurrency’s drawdowns.

Furthermore, with the $800 million rebalance threshold, Binance will commit to buying the dip if the BTC price falls sharply.

CZ Denies Large-Scale BNB Selling By Binance

As the crypto market corrected, Binance founder Changpeng ‘CZ’ Zhao denied allegations that the exchange engaged in large-scale selling of various cryptocurrencies, which may have contributed to the sustained market decline.  

According to CZ, the negative rumors are harmful to the broader market but not personally impactful.

FUD doesn’t hurt the target. My followers increased.

FUD hurts the market (ie everyone).

I/Binance do not sell in any meaningful amounts.

My selling = I swipe my card and $5 worth of BNB gets converted/sent to the coffee shop.

I don’t run Binance anymore, but based on what I…

— CZ 🔶 BNB (@cz_binance) January 30, 2026

According to CZ, he and Binance have not engaged in any “meaningful” selling activities, and any personal sales have been limited to daily expenses.

CZ’s comments follow allegations that the co-founder and the exchange have engaged in market manipulation and self-serving practices over the years.

Working on a follow up article for those interested….

Just as Binance are nuking the market https://t.co/xgyg24N9Pn pic.twitter.com/vbNC8QB39C

— $trong (@StrongHedge) January 29, 2026

BNB Price Drops Below Key Support, Risks A Sustained Plunge

The BNB price has fallen back below the 50-day Simple Moving Average (SMA), reinforcing the narrative of a sustained decline.

After a dramatic surge in October 2025, Binance Coin entered a correction and began trading within a well-defined falling wedge pattern.

After a breakout early this year, the price of BNB is back below the lower boundary of the wedge, as sentiment changed to bearish.

BNB’s Relative Strength Index (RSI) also supports the overall bearish trend, as it continues to drop towards the 30-oversold region, currently at 36.74.

BNB/USD Chart Analysis Source: TradingView

BNB/USD Chart Analysis Source: TradingView

With the price of the Binance Coin dropping back within the upper boundary of the falling wedge pattern, the outlook is currently bearish, as the price now risks a sustained drop back deep within the wedge.

If the bears continue to exert pressure, BNB risks a continued downtrend towards the $820.63 support area, which acted as a strong demand area in late 2025. This could be pushed by the SMAs forming around $884.27, with the 200-day SMA moving above the 50-day SMA.

Conversely, if the Binance Coin reclaims the 50-day SMA resistance level around $882.23 and manages to close above the 200-day SMA ($921), the next key target will be the $1,000 psychological zone. 

Related News:

Best Wallet – Diversify Your Crypto Portfolio

Best WalletBest Wallet

Easy to Use, Feature-Driven Crypto Wallet
Get Early Access to Upcoming Token ICOs
Multi-Chain, Multi-Wallet, Non-Custodial
Now On App Store, Google Play
Stake To Earn Native Token $BEST
250,000+ Monthly Active Users

Best WalletBest Wallet

Join Our Telegram channel to stay up to date on breaking news coverage





Source link

Tags: BinanceBitcoinBNBPredictionPriceSAFUshifts
ShareTweetShare
Previous Post

Bitcoin battles 4 straight monthly slide as price declines to $82,000

Next Post

Bitcoin Bears Eye Critical Support Level as Sharp Selloff Gains Steam

Related Posts

Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

by theadvisertimes.com
August 6, 2026
0

Key TakeawaysJudge Shelby granted Utah summary judgment and denied Kalshi’s preliminary injunction.Online gambling in Utah is a third-degree felony under...

Mysten Labs CTO Joins Anthropic for AI Security Research

Mysten Labs CTO Joins Anthropic for AI Security Research

by theadvisertimes.com
August 5, 2026
0

Sam Blackshear, the co-founder and chief technology officer of Mysten Labs, has announced he will be stepping down to join...

Sen. Cynthia Lummis Says Clarity Act Talks With Democrats Continue Daily

Sen. Cynthia Lummis Says Clarity Act Talks With Democrats Continue Daily

by theadvisertimes.com
August 5, 2026
0

The CLARITY Act remained in focus after Senator Cynthia Lummis said negotiations with Democrats are continuing daily, while Senate leaders...

Other revenue outlook: Circle’s B USDC flow gap

Other revenue outlook: Circle’s $4B USDC flow gap

by theadvisertimes.com
August 5, 2026
0

Circle’s reserve engine absorbed a tough second quarter. Gross USDC redemptions exceeded mints by about $4 billion, and reserve yield...

Democrats Move to Block CLARITY Act Due to Stalled Ethics Talks

Democrats Move to Block CLARITY Act Due to Stalled Ethics Talks

by theadvisertimes.com
August 5, 2026
0

Key TakeawaysPunchbowl News has reported that Democrats will block cloture, citing stalled White House ethics talks.Sen. Ruben Gallego said Republicans...

Ethereum Proposal to Slash Staking Rewards Sparks Backlash

Ethereum Proposal to Slash Staking Rewards Sparks Backlash

by theadvisertimes.com
August 4, 2026
0

A group of six Ethereum researchers and developers, including Ethereum Foundation’s Justin Drake, has proposed changing the network’s issuance policy...

Next Post
Bitcoin Bears Eye Critical Support Level as Sharp Selloff Gains Steam

Bitcoin Bears Eye Critical Support Level as Sharp Selloff Gains Steam

Sam’s Links: January Edition

Sam’s Links: January Edition

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

May 6, 2026
Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

0
6-Figure Trade Jobs. Surely Not? Nvidia CEO Says ‘The Skilled Craft Segment of Every Economy Is Going to See a Boom’

6-Figure Trade Jobs. Surely Not? Nvidia CEO Says ‘The Skilled Craft Segment of Every Economy Is Going to See a Boom’

0
Dell Technologies (DELL): Steht der Mega-Ausbruch kurz bevor?

Dell Technologies (DELL): Steht der Mega-Ausbruch kurz bevor?

0
Iran War: Iran Agreement With Oman Will Not “Open” Strait of Hormuz as Trump Hypes Non-Existent Talks; Ansar Allah Threatens Red Sea Escalation; Trump-Hegseth Row Over Weapons Shortages

Iran War: Iran Agreement With Oman Will Not “Open” Strait of Hormuz as Trump Hypes Non-Existent Talks; Ansar Allah Threatens Red Sea Escalation; Trump-Hegseth Row Over Weapons Shortages

0
This Citi Card’s Dining Perk Scored Me a Hard-to-Get Table

This Citi Card’s Dining Perk Scored Me a Hard-to-Get Table

0
The Key Battles for Senate Control Are Set

The Key Battles for Senate Control Are Set

0
Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

August 6, 2026
Dell Technologies (DELL): Steht der Mega-Ausbruch kurz bevor?

Dell Technologies (DELL): Steht der Mega-Ausbruch kurz bevor?

August 6, 2026
6-Figure Trade Jobs. Surely Not? Nvidia CEO Says ‘The Skilled Craft Segment of Every Economy Is Going to See a Boom’

6-Figure Trade Jobs. Surely Not? Nvidia CEO Says ‘The Skilled Craft Segment of Every Economy Is Going to See a Boom’

August 6, 2026
Iran War: Iran Agreement With Oman Will Not “Open” Strait of Hormuz as Trump Hypes Non-Existent Talks; Ansar Allah Threatens Red Sea Escalation; Trump-Hegseth Row Over Weapons Shortages

Iran War: Iran Agreement With Oman Will Not “Open” Strait of Hormuz as Trump Hypes Non-Existent Talks; Ansar Allah Threatens Red Sea Escalation; Trump-Hegseth Row Over Weapons Shortages

August 6, 2026
The Key Battles for Senate Control Are Set

The Key Battles for Senate Control Are Set

August 6, 2026
Tax Authority warns higher income Israelis are leaving

Tax Authority warns higher income Israelis are leaving

August 6, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia
  • Dell Technologies (DELL): Steht der Mega-Ausbruch kurz bevor?
  • 6-Figure Trade Jobs. Surely Not? Nvidia CEO Says ‘The Skilled Craft Segment of Every Economy Is Going to See a Boom’
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.