1. Why has Bitcoin dropped so much?
The current drop is due to a combination of macroeconomic and technical factors:
Monetary Policy of the FED: The market expected interest rate cuts, but the Federal Reserve of the U.S. has maintained a "hawkish" stance, reducing appetite for risk assets like BTC.
Mass Liquidations: On January 30, 2026, positions worth over $1.6 billion were liquidated, accelerating the drop due to a cascading effect.
Geopolitical Factors: Tensions in the Middle East and the announcement of possible trade tariffs by the U.S. administration (Trump) have generated global uncertainty.
Correlation with Traditional Assets: The collapse of tech stocks (like Microsoft) and extreme volatility in gold prices have dragged the crypto sector into a 'risk-off' movement (flight to liquidity).
Sale of Long-Term Investors: On-chain data shows that old holders began to take profits after the 2025 rally, increasing selling pressure.
2. Influence on the BNB token
As the native currency of the Binance ecosystem, BNB is not immune to Bitcoin's movements for several reasons:
Market Pull Effect (Beta of the Market): BNB maintains a high correlation with BTC. When the 'king' of the market falls, investors often sell altcoins to seek refuge in stablecoins or fiat. Recently, BNB has fallen below $900, losing 35% since its October 2025 high.
Reduction of Activity in the BSC: The market downturn discourages the use of DeFi applications and trading on the BNB Smart Chain (BSC). Fewer transactions mean less demand for BNB to pay for 'gas' (fees).
Deleveraging on Binance: As the largest exchange, many leveraged positions in BNB were forcibly liquidated during Bitcoin's drop, pushing the price down even faster.
Investor Sentiment: Uncertainty about global regulation also specifically affects tokens linked to centralized exchanges, adding an additional layer of risk for BNB compared to BTC.