Altcoins

Why is Crypto Down? Blame Binance For Selling The Bull Run

By Isaiah Mccall

Last Updated: Feb 12, 2025

Fact checked

By Sam Cooling

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Why is Crypto Down Today? Altcoin markets have been hammered in recent weeks, and now we might know why: Binance selling assets..
Disclaimer Icon
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

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’s no need to waste your time waiting for nothing, anon.

But why now? Is the utter crash of BTC and all crypto coming?

Why is Crypto Down? The Case Against Binance

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.

According to Binance’s February 11 statement, the adjustments came from internal fund management, not a sell-off. The crypto powerhouse reinforced its push for more transparency around financial operations.

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 “restructuring efforts” rather than liquidation events.

“Asset liquidation did not occur since internal accounting adjustments needed some assets to enhance financial reporting methodologies,” Binance announced.

Why is Crypto Down? The Against Trump and Elon

Since Donald Trump’s inauguration on January 20, money has been exiting all markets. Every whale is selling.  This is it, guys. This is the last “bull run” ever. I hope you cash out some profits, do a 360, and never come back.

If this were even remotely true, Trump’s family wouldn’t be slurping ETH this second.

With all the uncertainty surrounding the 2024 US presidential election, a bear market was overdue regardless of who won.

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.

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, stake, and let the magic happen.

Rising USDC Reserves For Binance

One notable outcome of these adjustments was a billion-dollar boost in USD Coin (USDC) reserves, which has pushed Binance’s collateral ratio beyond 40%, marking a notable tilt toward stablecoins.

Despite declines in Bitcoin and Ethereum reserves, Binance reassured users that funds are safe, thanks to its Secure Asset Fund for Users (SAFU).

“All customer assets were ‘SAFU,’ and the treasury modifications were part of routine financial updates,” Binance assured statements.

Looking Ahead

(CoinGecko)

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.

This would be big evidence for the idea that Bitcoin cycles are breaking down.

Is that a good or bad thing? I don’t know. For now, it seems we’ve hit a “boring market,” which is often a good time to stack.

EXPLORE: 15 New & Upcoming Coinbase Listings to Watch in 2025

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Isaiah Mccall
Isaiah Mccall
Crypto Analyst

Isaiah McCall is an ultramarathon runner and journalist for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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