No Result
View All Result
  • Login
Tuesday, June 23, 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
5 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

South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers

South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers

by theadvisertimes.com
June 23, 2026
0

Toss Bank's Solana proof of concept would put stablecoin remittance infrastructure beside a regulated bank app used by millions of...

Digital Euro Clears Key Parliament Hurdle As Europe Pushes C

Digital Euro Clears Key Parliament Hurdle As Europe Pushes C

by theadvisertimes.com
June 23, 2026
0

TL;DR The European Central Bank’s digital euro project secured key parliamentary backing on Tuesday. The vote moves Europe in the...

Key Hunters Eye .87M Bitcoin Puzzle as 916 BTC Sits Unsolved in 78 Addresses

Key Hunters Eye $58.87M Bitcoin Puzzle as 916 BTC Sits Unsolved in 78 Addresses

by theadvisertimes.com
June 23, 2026
0

Key TakeawaysThe Bitcoin Puzzle Challenge holds 916.52 BTC worth roughly $58.87M across 78 unsolved addresses as of June 2026.Puzzle 71...

EU Committee Advances Digital Euro CBDC Bill After Vote

EU Committee Advances Digital Euro CBDC Bill After Vote

by theadvisertimes.com
June 23, 2026
0

The creation of an EU-issued digital euro moved a step closer Tuesday after a key European Parliament committee vote.The EP's...

Ripple Wins Preliminary MiCA Nod in Luxembourg, Full License Still Pending

Ripple Wins Preliminary MiCA Nod in Luxembourg, Full License Still Pending

by theadvisertimes.com
June 23, 2026
0

Ripple has won preliminary approval from Luxembourg's financial regulator to operate as a crypto-asset service provider across the European Union,...

CZ Says Hyperliquid Found A No-KYC Niche Binance Cannot Touc

CZ Says Hyperliquid Found A No-KYC Niche Binance Cannot Touc

by theadvisertimes.com
June 23, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR CZ discussed Hyperliquid’s no-KYC model...

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
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
6 Hotels Where Chase’s Points Boost Yields 2.5x

6 Hotels Where Chase’s Points Boost Yields 2.5x

May 22, 2026
Understanding risk remains a major investor blind spot: TIAA Institute

Understanding risk remains a major investor blind spot: TIAA Institute

June 5, 2026
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

June 2, 2026
Memorial Day 2026: Take Advantage of Food Freebies, Deals

Memorial Day 2026: Take Advantage of Food Freebies, Deals

May 23, 2026
9 Best Cheap Cell Phone Plans That Will Save You Money

9 Best Cheap Cell Phone Plans That Will Save You Money

June 3, 2026
Banks speed up pace of grants to customers

Banks speed up pace of grants to customers

0
SNAP Work Rules Now Apply to Adults 55-64—Why More Than 1 Million Older Americans Could Lose Food Assistance

SNAP Work Rules Now Apply to Adults 55-64—Why More Than 1 Million Older Americans Could Lose Food Assistance

0
When “Non-Monetary” Fed Operations Move Markets

When “Non-Monetary” Fed Operations Move Markets

0
South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers

South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers

0
Jack Henry (JKHY) Has a Core-Banking and Payments Workflow Engine Bigger Than a Regional-Bank Proxy Narrative

Jack Henry (JKHY) Has a Core-Banking and Payments Workflow Engine Bigger Than a Regional-Bank Proxy Narrative

0
HELOC and home equity loan rates today, Tuesday, June 23, 2026: Besides rates, how do you choose between a HELOC or HEL?

HELOC and home equity loan rates today, Tuesday, June 23, 2026: Besides rates, how do you choose between a HELOC or HEL?

0
SNAP Work Rules Now Apply to Adults 55-64—Why More Than 1 Million Older Americans Could Lose Food Assistance

SNAP Work Rules Now Apply to Adults 55-64—Why More Than 1 Million Older Americans Could Lose Food Assistance

June 23, 2026
South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers

South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers

June 23, 2026
42% of giving millennials using DAFs, with Gen Z ramping up expected usage

42% of giving millennials using DAFs, with Gen Z ramping up expected usage

June 23, 2026
The hidden cost of your AI rollout: burning out the high performers running it

The hidden cost of your AI rollout: burning out the high performers running it

June 23, 2026
Prime Day One: Our Top Favorite 15 Deals!

Prime Day One: Our Top Favorite 15 Deals!

June 23, 2026
How to Make Values Real Rather than Rhetoric

How to Make Values Real Rather than Rhetoric

June 23, 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

  • SNAP Work Rules Now Apply to Adults 55-64—Why More Than 1 Million Older Americans Could Lose Food Assistance
  • South Korean digital bank with 15M users turns to Solana stablecoins for overseas transfers
  • 42% of giving millennials using DAFs, with Gen Z ramping up expected usage
  • 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.