Bitcoin fell sharply today, crashing to around $81,311 and shaking the entire crypto market. The drop triggered panic, anger, and blame across social media, with many users pointing fingers at Binance, the world’s largest crypto exchange. On X, hashtags and viral posts accused Binance of being responsible for the heavy selling pressure that pushed Bitcoin down. But Binance has strongly rejected this narrative, calling the accusations unfair and misleading.
Bitcoin’s Sudden Fall Shocks the Market
Over the last 24 hours, Bitcoin dropped 6.05%, a steeper fall than the overall crypto market. This extended an already weak trend, with Bitcoin now down more than 7.5% for the week. The crash didn’t happen in isolation. Rising tensions between the U.S. and Iran, new trade threats, and growing global uncertainty made investors nervous. Many rushed to sell risky assets, including crypto.
Over $1.7 billion in long positions was wiped out in one day, with 93% being long bets. The high volume spike (+77.21% to $77.2B) confirms this was a high-conviction sell-off. Even U.S. Bitcoin ETFs are seeing heavy withdrawals, recording a net outflow of $817.8 million on January 29, marking a third consecutive day of redemptions. Together, these factors created a fast and violent wave of selling. At the time of writing, BTC has slightly recovered and is trading at around $82,729.
People Are Blaming Binance
As Bitcoin crashed, anger on X quickly turned toward Binance. A tweet, which CZ publicly agreed with, pushed back on this idea. The tweet said that blaming Binance for sell-offs is “ridiculous,” explaining that since Binance is the most widely used exchange, large sell pressure will naturally appear there first.
The tweet also defended Binance’s history, pointing out that Binance was the first major exchange to publish proof of reserves and the company worked openly with regulators. “When altcoins are pumping, should gold investors start calling gold a scam too? It’s laughable. Do what you know best, CZ. But please, as @VitalikButerin also said, don’t let this place turn into a casino.”
Binance Responds to the Backlash
Binance released a long statement addressing the growing criticism. The company acknowledged the fear and anger in the community but said that market volatility is part of a growing and maturing industry. Binance highlighted several actions it has taken. They have helped users recover $48 million in lost assets in 2025 alone and prevented $6.69 billion in fraud-related losses. Binance is actively working with law enforcement on cases involving $131 million. Binance also clarified that they are holding $162.8 billion in user assets in transparent reserves.
Binance also announced a major move for its SAFU protection fund. It plans to convert its $1 billion stablecoin fund into Bitcoin, showing long-term confidence in BTC. If the fund drops below $800 million due to price changes, Binance says it will refill it back to $1 billion.
Anger Over Binance Listings
At the same time, a separate wave of anger is growing over Binance listings. Many traders say that new tokens listed on Binance now often spike briefly and then crash 80–95%, wiping out retail investors. For years, a Binance listing was seen as a badge of trust. Now, for some traders, it’s becoming a warning sign.
Critics accuse Binance of focusing more on listing volume and fees than on project quality. Several viral threads claim that many projects listed through Binance’s Web3 programs surge on launch and then collapse within days, destroying trust and confidence in the market. This frustration has been building for weeks, not days and the Bitcoin crash simply gave people a moment to release that anger.
Final Thoughts
Bitcoin’s fall to $81K is not just a price crash; it is a trust crash. The sell-off itself is being driven by global fear, forced liquidations, and big investors pulling back. But the anger toward Binance shows long-term frustration over bad listings and a growing belief that everyday users are the ones paying the price for the system’s flaws.
Also Read: Chainlink Price Heading for $11 Breakdown as Traders Unwind Leverage
Source: https://www.cryptonewsz.com/bitcoin-crashes-to-81k-as-anger-binance/
