Binance's CZ Urges Resilience as US Banks Load Up on Bitcoin
Analysis
Price Impact
HighThe accumulation of bitcoin by a major u.s. bank like wells fargo signifies increasing institutional adoption and confidence, which is a significant bullish signal for the market. cz's statement reinforces this long-term conviction.
Trustworthiness
HighThe information is reported by u.today, a reputable crypto news source, and directly references a tweet from changpeng zhao (cz), founder of binance, regarding institutional buying. the involvement of wells fargo is a verifiable event.
Price Direction
BullishInstitutional buying from a major bank provides strong demand support and signals long-term conviction in bitcoin's value, counteracting short-term panic selling and setting a bullish tone for future price movements.
Time Effect
LongMajor institutional purchases like this are typically strategic long-term investments, indicating an expectation of sustained growth over an extended period rather than short-term fluctuations.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Binance CZ acknowledges growing Bitcoin institutional adoption 655,498 BTC sits on Binance Advertisement Wells Fargo, a major bank in the U.S., has also joined the crypto bandwagon, accumulating Bitcoin in large quantities while sparking reactions from the crypto community, including Binance founder Changpeng Zhao. The move, which has come amid rising uncertainty across the broad crypto market when Bitcoin has continued to show mixed price action, has seen Binance’s CZ indirectly urge traders to maintain resilience. Binance CZ acknowledges growing Bitcoin institutional adoption In response to this bullish move, Binance’s CZ has delivered a strong statement to help traders make better financial decisions at a sensitive time like this, noting that U.S. banks were loading up on Bitcoin while they were panic selling. HOT Stories Crypto Market Review: Will Bitcoin Hold $90,000 Over the Weekend? Don't Write XRP off Here, Ethereum (ETH) $3,000+ Surge Plausible BNY Taps Ripple Prime to Pioneer Programmable Cash for Big Investors Morning Crypto Report: XRP Risks Becoming $2 Stablecoin, Coinbase Reveals 4 Proofs of Crypto Reset, '$10,000 Zcash' Advocate Ends Speculation on ZEC Developers' Scandal Ripple-Backed Evernorth to Expand XRPL Adoption While you were panic selling, U.S. Banks were loading up on bitcoin. 🤷♂️ https://t.co/8Xufs40ZJ8 Advertisement — CZ 🔶 BNB (@cz_binance) January 10, 2026 While such large Bitcoin purchases by legacy banks rarely happen by accident, the move from Wells Fargo could not have gone unnoticed, and it has ignited investors' confidence despite the growing fear and uncertainty looming across the market. Although Bitcoin's price is currently unstable, the massive purchase from the bank signals long-term positioning and expectations of future growth in the world’s leading cryptocurrency, Bitcoin. You Might Also Like Sat, 01/10/2026 - 12:23 $93,000 Becomes Bitcoin's Most Important Level: Details By Caroline Amosun Advertisement While Bitcoin has continued to hover around the $90,000 mark since the major purchase happened, the asset has shown a modest increase in its price over the last day. With this decent daily price surge, Bitcoin is trading at $90,540 at the time of writing. 655,498 BTC sits on Binance While traders are increasingly offloading their Bitcoin holdings amid the looming fear and uncertainty witnessed across the market, the asset's exchange reserve shows a clear sign of increasing selling pressure. Recent on-chain data has shown that 655,498 BTC is currently sitting on Binance as traders have returned more tokens to the exchange over the last day. #Bitcoin #Changpeng Zhao #Binance