$BTC

#BNB Dips Below 770 USDT Amid Broader Market Weakness

On February 1, 2026, at 11:00 AM (UTC), data from Binance Market Data indicated that BNB slipped below the key psychological level of 770 USDT, trading at 769.96 USDT. The price movement reflects a 24-hour decline of 8.21%, although the pace of losses has narrowed compared to earlier trading hours, suggesting short-term stabilization.

Market participants noted that the drop comes amid heightened volatility across the broader cryptocurrency market, as traders continue to react to macroeconomic uncertainty and profit-taking following recent rallies. The 770 USDT level had previously acted as a short-term support zone for BNB, and its breach triggered increased selling pressure, particularly from leveraged positions.

Despite the sharp decline, on-chain and order book data suggest that buy-side interest has started to emerge near the current price range, limiting further downside in the short term. Analysts believe that if BNB manages to hold above the 760–765 USDT range, a technical rebound could be possible. However, failure to stabilize may expose the token to deeper corrections as risk sentiment remains fragile.

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