BNB Price At $1,000 Support: Is The Binance Empire Cracking?

Price Movement Analysis - BNB experienced a significant drop of 32% during the sell-off on October 10, 2025, compared to Ethereum's 21%, Solana's 23.5%, and Bitcoin's approximately 13% [1] - The liquidity depth and order execution quality are highlighted by the varying percentages across different centralized exchanges (CEX) [1] - In futures markets, the percentage losses were larger due to lower wicks during liquidations, indicating BNB faced the most sell pressure among the four major blockchains [1] Investment Insights - A notable investment in CEA Industries, amounting to nearly half a billion dollars, occurred shortly after BNB entered price discovery, aligning with the trading strategy of buying at breakout from a range [2] - The weekly chart shows a diamond-shaped accumulation over 18 months, with BNB breaking above this formation and reaching new highs, although the last weekly candle closed as a bearish engulfing candle [3] - Despite the bearish signal, the sell-off wick recovered, suggesting strong buying interest, while the RSI indicates a potential reset from overbought conditions [3] Technical Indicators - On the daily timeframe, BNB formed a swing failure pattern (SFP), with the RSI showing bearish divergence and currently at mid-levels [4] - Moving averages remain in an uptrend, with the price bouncing off the MA100 line during the October 10 sell-off, and MA50 acting as a support level aligned with the September high [4] Systemic Issues - During the October 10 event, many large traders using automated trading systems faced execution issues, raising concerns about the reliability of Binance's systems [5] - Accusations have emerged regarding the BNB system being down and failing to fulfill orders, prompting fears of potential systemic flaws similar to those seen in the FTX collapse [5]