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Trading volume for the BNB token hit $3.6 billion as the price fell back to trading within a descending wedge pattern, as the Binance exchange disclosed plans to convert the SAFU fund’s $1 billion stablecoin holdings into Bitcoin within 30 days to restore the fund to $1 billion if its value falls below $800 million due to price fluctuations.
The Binance Coin price fell 5.1% over the past 24 hours to $841.54 as of 4:04 AM ET. knock down It rose more than 5% to $2.89 trillion, according to data from Coingecko.
As a result of this continued decline, BTC fell sharply, reaching its lowest level in over two months. A wave of forced liquidations hit leveraged traders and investors weighed the potential impact of a change in leadership at the U.S. Federal Reserve.
According to data from Coinglass, the selling process wiped out about $1.74 billion in leveraged positions over the past 24 hours, with 93% of that coming from long positions.
Binance Converts $1 Billion User Protection Fund to Bitcoin
Binance, the world’s largest cryptocurrency exchange by trading volume, announced plans to convert the entire $1 billion holdings of its Secure Asset Fund for Users (SAFU) to stablecoins. BTC For the next 30 days.
This fund was created to protect users from losses due to unexpected events such as data breaches. He added that if the fund’s value falls below $800 million due to price fluctuations in Bitcoin, the exchange will bring it back to $1 billion.
Binance said of
https://t.co/tbXqWVtp95
— Binance Chinese (@binancezh) January 30, 2026
According to the outlined plan, the exchange will acquire BTC gradually as a way to avoid sudden market turmoil. This is a bold move for a centralized exchange to back up user funds in BTC.
Converting $1 billion over 30 days would equate to about $33 million in daily BTC purchases, which could eventually help stabilize the cryptocurrency’s downward trend.
Additionally, with an $800 million rebalancing threshold, Binance commits to buying the dip if the BTC price plunges.
CZ rejects Binance’s large-scale BNB sale.
As the cryptocurrency market corrects, Binance founder Changpeng ‘CZ’ Zhao has denied claims that the exchange sold large quantities of various cryptocurrencies, which may have contributed to the continued market decline.
According to CZ, negative rumors are detrimental to the broader market but don’t affect them personally.
FUD does not harm the target. My followers have increased.
FUD harms the market (i.e. everyone).
I/Binance does not sell for any meaningful amount.
My Sell = Swipe your card and $5 worth of BNB will be converted/sent to the coffee shop.
I no longer run Binance, but according to what I have done…
— CZ 🔶 BNB (@cz_binance) January 30, 2026
According to CZ, he and Binance did not engage in “meaningful” selling activities and personal selling was limited to daily expenses.
CZ’s comments follow allegations that his co-founder and the exchange engaged in market manipulation and self-serving practices over several years.
I’m working on a follow-up article for those who are interested…
Just like Binance is roaming the market https://t.co/xgyg24N9Pn pic.twitter.com/vbNC8QB39C
— $in (@StrongHedge) January 29, 2026
Risk of continued plunge as BNB price falls below key support levels
that BNB price It has fallen below the 50-day simple moving average (SMA), supporting a continued downtrend.
After a dramatic surge in October 2025, Binance Coin underwent a correction and began trading within a well-defined descending wedge pattern.
After the breakout earlier this year, BNB price took a downward turn and returned below the lower boundary of the wedge.
BNB’s Relative Strength Index (RSI) also continues to decline towards the 30 oversold area, currently at 36.74, supporting the overall bearish trend.
The current outlook is bearish as the price of Binance Coin falls back within the upper limit of the descending wedge pattern, as there is a risk that the price will continue to fall deeper within the wedge.
If bears continue to apply pressure, BNB risks a continued decline towards the $820.63 support area, which served as a strong demand area in late 2025. This could push when the SMA forms around $884.27 and the 200-day SMA goes above the 50-day SMA.
Conversely, if Binance Coin regains the 50-day SMA resistance level around $882.23 and closes above the 200-day SMA ($921), the next major target would be the $1,000 psychological zone.
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