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The BNB token recorded $3.6 billion in trading volume as the price fell back into the downward trend as exchange Binance revealed plans to convert the SAFU fund’s $1 billion stablecoin reserves into Bitcoin within 30 days in order to restore the fund to $1 billion if price fluctuations push its value below $800 million.
Binance Coin price fell 5.1% over the past 24 hours to $841.54 as of 4:04 a.m. EST, as did the crypto market. fell more than 5% to $2.89 trillion, according to Coingecko data.
As a result of this continued decline, BTC fell 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 change in direction from the US Federal Reserve.
Data from Coinglass shows that approximately $1.74 billion in leveraged positions were wiped out in the past 24 hours amid the sell-off, 93% of which came from long positions.
Binance to Move $1 Billion User Protection Fund to Bitcoin
Binance, the world’s largest cryptocurrency exchange by trading volume, announced a plan to convert its entire $1 billion reserve in its Secure Asset Fund for Users (SAFU) from stablecoins to BTC over the next 30 days.
The fund was created to protect users against losses caused by unforeseen events, such as data breaches. He added that if bitcoin price fluctuations caused the fund’s value to fall below $800 million, the exchange would increase it to $1 billion.
“This initiative is part of Binance’s long-term efforts to develop the industry, and we will continue to advance related work, gradually sharing more progress with the community,” Binance said on X.
– 币安Binance华语 (@binancezh) January 30, 2026
Under the outlined plan, the exchange will gradually acquire BTC in order to avoid sudden market disruption, a bold move by a centralized exchange aimed at safeguarding user funds with BTC.
The $1 billion 30-day conversion involves around $33 million in daily BTC purchases, which could, in turn, help stabilize withdrawals of the cryptocurrency.
Additionally, with the rebalancing threshold of $800 million, Binance will commit to buying the dip if the BTC price falls sharply.
CZ refuses large-scale sale of BNB by Binance
As the crypto market corrected itself, Binance founder Changpeng “CZ” Zhao denied allegations that the exchange was engaging in large-scale selling of various cryptocurrencies, which may have contributed to the market’s sustained decline.
According to CZ, negative rumors harm the market as a whole but have no personal impact.
FUD does not harm the target. My subscribers have increased.
FUD hurts the market (i.e. everyone).
I/Binance does not sell significant quantities.
My sale = I swipe my card and $5 worth of BNB is converted/sent to the cafe.
I no longer run Binance, but from what I…
– CZ 🔶BNB (@cz_binance) January 30, 2026
According to CZ, he and Binance have not engaged in any “significant” sales activity, and any personal sales have been limited to day-to-day expenses.
CZ’s comments follow allegations that the co-founder and the exchange engaged in market manipulation and self-serving practices over the years.
I’m working on a follow-up article for those interested….
Just like Binance is destroying the market pic.twitter.com/vbNC8QB39C
– $strong (@StrongHedge) January 29, 2026
BNB Price Falls Below Key Support, Risks Sustained Fall
THE BNB Price fell back below the 50-day simple moving average (SMA), reinforcing the narrative of a sustained decline.
After a dramatic rise in October 2025, Binance Coin entered a correction and began trading in a well-defined falling wedge pattern.
After a breakout earlier this year, BNB price returned below the lower boundary of the wedge as sentiment turned bearish.
BNB’s Relative Strength Index (RSI) also supports the overall downtrend as it continues to decline towards the oversold region of 30, currently at 36.74.

With Binance Coin price falling back into the upper boundary of the falling wedge pattern, the outlook is currently bearish as the price now risks a sustained fall deep into the wedge.
If the bears continue to exert pressure, BNB risks a continued downtrend towards the $820.63 support zone, which has been an area of strong demand in late 2025. This could be pushed by the formation of the SMAs around $884.27, with the 200-day SMA rising above the 50-day SMA.
Conversely, if 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 psychological $1,000 zone.
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