{"id":12683,"date":"2025-02-12T13:32:44","date_gmt":"2025-02-12T13:32:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12683"},"modified":"2025-02-12T13:32:44","modified_gmt":"2025-02-12T13:32:44","slug":"why-is-crypto-down-blame-binance-for-selling-the-bull-run","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12683","title":{"rendered":"Why is Crypto Down? Blame Binance For Selling The Bull Run"},"content":{"rendered":"<div>\n<p>Why is crypto down? These sick degenerates keep draining all liquidity from the markets, especially <a href=\"https:\/\/99bitcoins.com\/news\/sam-altman-v-s-elon-musk-a-97-4-billion-standoff-over-openai\/\">Elon<\/a>.<\/p>\n<p>The majority of people are right; the bull run is over. Even Binance has <a href=\"https:\/\/99bitcoins.com\/news\/binance-and-sec-call-temporary-truce-coinbase-kraken-may-follow-suit\/\">been accused<\/a> of selling its assets. Now, there\u2019s no need to waste your time waiting for nothing, anon.<\/p>\n<p>But why now? Is the utter crash of BTC and all crypto coming?<\/p>\n<h2>Why is Crypto Down? The Case Against Binance<\/h2>\n<p>Binance drew attention following a noticeable drop in its Bitcoin and Ethereum reserves, triggering speculation of a sell-off that rippled through the market. The exchange wasted no time addressing the brewing uncertainty.<\/p>\n<p>According to Binance\u2019s February 11 statement, the adjustments came from internal fund management, not a sell-off. The crypto powerhouse reinforced its push for<a href=\"https:\/\/99bitcoins.com\/news\/binance-and-sec-call-temporary-truce-coinbase-kraken-may-follow-suit\/\"> more transparency<\/a> around financial operations.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f3af.png\" alt=\"\ud83c\udfaf\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">JUST IN: In January, <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@binance<\/a> sold 94% of its <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a> reserves, 99.9% of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> and 99% of <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$SOL<\/a> (these were profits not customer funds)<\/p>\n<p>Source: _FORAB <a href=\"https:\/\/t.co\/4eY4WNHm1W\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/4eY4WNHm1W<\/a><\/p>\n<p>\u2014 CryptosRus (@CryptosR_Us) <a href=\"https:\/\/twitter.com\/CryptosR_Us\/status\/1889318439916843073?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 11, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Binance Customer Support elaborated on these movements, stating that the adjustments were made to align reserve reporting with market fluctuations. According to Binance, these were \u201crestructuring efforts\u201d rather than liquidation events.<\/p>\n<p>\u201cAsset liquidation did not occur since internal accounting adjustments needed some assets to enhance financial reporting methodologies,\u201d Binance announced.<\/p>\n<h2>Why is Crypto Down? The Against Trump and Elon<\/h2>\n<p>Since Donald Trump\u2019s inauguration on January 20, money has been <a href=\"https:\/\/99bitcoins.com\/news\/robert-kiyosaki-predicts-biggest-crash-ever-in-february-2025-what-it-means-for-crypto\/\">exiting all markets<\/a>. Every whale is selling.\u00a0 This is it, guys. This is the last \u201cbull run\u201d ever. I hope you cash out some profits, do a 360, and never come back.<\/p>\n<p>If this were even remotely true, Trump\u2019s family wouldn\u2019t be slurping ETH this second.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In my opinion, it\u2019s a great time to add <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a>.<\/p>\n<p>\u2014 Eric Trump (@EricTrump) <a href=\"https:\/\/twitter.com\/EricTrump\/status\/1886541132903133230?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>With all the uncertainty surrounding the 2024 US presidential election, a bear market was overdue regardless of who won.<\/p>\n<p>They need to lose some money to keep up appearances or every normie on the planet would ape into the markets. The fact people are panicking means their plan is working like clockwork.<\/p>\n<p>The good thing about crypto is that you can make good returns in both bear and bull markets, so stop chasing candles and find ways to earn passively. Stack, <a href=\"https:\/\/99bitcoins.com\/news\/blackrock-set-to-launch-bitcoin-linked-etp-in-europe-raises-stake-in-strategy-to-5\/\">stake<\/a>, and let the magic happen.<\/p>\n<h2>Rising USDC Reserves For Binance<\/h2>\n<p>One notable outcome of these adjustments was a billion-dollar boost in USD Coin (USDC) reserves, which has pushed Binance\u2019s collateral ratio <a href=\"https:\/\/99bitcoins.com\/news\/solana-flips-ethereum-tron-in-30-day-stablecoin-growth-what-does-it-mean\/\">beyond 40%<\/a>, marking a notable tilt toward stablecoins.<\/p>\n<p>Despite declines in Bitcoin and Ethereum reserves, Binance reassured users that funds are safe, thanks to its Secure Asset Fund for Users (SAFU).<\/p>\n<p>\u201cAll customer assets were \u2018SAFU,\u2019 and the treasury modifications were part of routine financial updates,\u201d Binance assured statements.<\/p>\n<h2>Looking Ahead<\/h2>\n<figure id=\"attachment_203576\" aria-describedby=\"caption-attachment-203576\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-203576 size-large\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/chart-1024x747.png\" alt=\"\" width=\"1024\" height=\"747\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/chart-1024x747.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/chart-300x219.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/chart-768x561.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/chart-1536x1121.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/chart-50x36.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/chart.png 1644w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><figcaption id=\"caption-attachment-203576\" class=\"wp-caption-text\">(<a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">CoinGecko<\/a>)<\/figcaption><\/figure>\n<p>If this truly is the end of the run, it is a real game-changer in terms of halving cycles; we are only 10 months out from the halving; the last three cycles were something like 22 months, 16 months, and 17 months to the top from there.<\/p>\n<p>This would be big evidence for the idea that Bitcoin cycles are breaking down.<\/p>\n<p>Is that a good or bad thing? I don\u2019t know. For now, it seems we\u2019ve hit a \u201cboring market,\u201d which is often a good time to stack.<\/p>\n<p><b>EXPLORE:\u00a0<\/b><a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\"><b>15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/b><\/a><\/p>\n<p><a href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/why-is-crypto-down-blame-binance-for-selling-the-bull-run\/\">Why is Crypto Down? Blame Binance For Selling The Bull Run<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is crypto down? These sick degenerates keep draining all liquidity from the markets, especially Elon. The majority of people are right; the bull run is over. Even Binance has been accused of selling its assets. Now, there\u2019s no need to waste your time waiting for nothing, anon. But why now? Is the utter crash [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12683","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12683"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12683\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}