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<h3>Fireline Report</h3>
<p>CZ was officially pardoned by Trump, BNB rebounded strongly in the short term, and trading volume increased. The market was hotly discussing his return to Binance and the expected listing on the US stock market. Axiom launched support for BNB trading, and capital inflows were significant.</p>
<h3>Trading Guide</h3>
<p>BNB is driven by Binance HODLer airdrops, 2Z incentives, and Trump-related positive news. A light position is recommended in the 820-840 range, with a stop loss at 810. Short-term quick entry and exit are recommended. Band trends can be actively configured, and profit can be taken dynamically after the event is completed<span class="source"><a href="fx://followin.io/Feed?id=21025014"><img src="https://static.fwimg.io/img/user/726db18d16784b292186bf9e56997fd0.jpg" width="20" height="20" /></a><a href="fx://followin.io/Feed?id=21003724"><img src="https://static.fwimg.io/img/user/e7e3cf36a8106b75ea0f90747a34ac2b.jpg" width="20" height="20" /></a></span>.</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-24 18:30</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>Trump&#39;s pardon of CZ drives BNB&#39;s strong rebound: Comprehensive market analysis</h1><h2> TL;DR</h2><p> <strong>On October 23, 2025, US President Trump officially pardoned Binance founder CZ(CZ). Binance coin (BNB) surged 4.31% to $1,128.72, with 24-hour trading volume surging 97% to $4.27 billion.</strong> Technical indicators indicate strong short-term bullish momentum, positive social media sentiment, and a significant 9.1% increase in on-chain activity. This pardon is seen as a landmark event marking the end of the &quot;crypto wars&quot; and paving the way for the reopening of Binance&#39;s US operations.</p><h2> Core Analysis</h2><h3> Timeline of events and price reaction</h3><p> <strong>BNB saw a significant price rebound after the amnesty was announced on October 23:</strong></p><table><thead><tr><th> Time Node</th><th> Price performance</th><th> Changes in trading volume</th><th> Key Events</th></tr></thead><tbody><tr><td> Close on October 22</td><td> ~$1,078</td><td> Baseline level</td><td> Consolidation before pardon</td></tr><tr><td> October 23, 2:00 PM - 3:00 PM UTC</td><td> Breaking through $1,120, reaching a maximum of $1,150+</td><td> +97%</td><td> The White House confirmed the pardon news <a href="https://www.coindesk.com/policy/2025/10/23/binance-s-cz-wins-pardon-from-u-s-president-donald-trump">coindesk</a></td></tr><tr><td> October 24th and current</td><td> $1,128.72 (+4.31%)</td><td> $4.27 billion</td><td> Stabilized above $1,120</td></tr></tbody></table><p> <strong>Current market indicators (as of 01:33 UTC on October 24):</strong></p><ul><li> <strong>Market capitalization</strong> : $157.6 billion (ranked 4th)</li><li> <strong>24-hour increase</strong> : +4.31%</li><li> <strong>7-day gain</strong> : +1.4%</li><li> <strong>Circulating Supply</strong> : 139.2 million BNB</li></ul><h3> Widespread market impact</h3><p> The pardon event triggered a risk appetite shift across the crypto market, rotating from Bitcoin/Ethereum to Altcoin:</p><table><thead><tr><th> Asset Class</th><th> Performance</th><th> Major currencies</th></tr></thead><tbody><tr><td> Exchange Tokens</td><td> +3-5%</td><td> BNB (+4.3%), OKB (+2.9%), HTX (+3.1%)</td></tr><tr><td> Memecoin/political concept</td><td> +2-6%</td><td> DOGE (+2.04%), PEPE (+3.26%)</td></tr><tr><td> Layer 1 public chain</td><td> mix</td><td> SOL (+6.05%), SUI (+1.5%)</td></tr><tr><td> Trump-related tokens</td><td> +2%</td><td> OFFICIAL TRUMP, USD1</td></tr></tbody></table><p> <strong>Total market capitalization increased to $3.42 trillion (+1.48%), and Bitcoin dominance fell from 58.5% to 57.9%, indicating a flow of funds into Altcoin</strong> <a href="https://www.wired.com/story/trump-pardons-cz-binance/">.</a></p><h2> Technical Analysis</h2><h3> Multi-timeframe technical status</h3><table><thead><tr><th> Timeframe</th><th> trend</th><th> RSI</th><th> MACD</th><th> Volume indicators</th><th> Signal</th></tr></thead><tbody><tr><td> 1 hour</td><td> Bullish</td><td> 61.3</td><td> Bullish Crossover</td><td> CMF +0.097 (fund inflow)</td><td> 🟢 Kinetic Energy Enhancement</td></tr><tr><td> 4 hours</td><td> Bullish</td><td> 57.8</td><td> Bullish Divergence</td><td> CMF +0.143 (strong capital inflow)</td><td> 🟢 Health Upward Trend</td></tr><tr><td> Daily Line</td><td> neutral</td><td> 51.7</td><td> Bearish Divergence</td><td> CMF -0.01 (neutral)</td><td> 🟡 Oscillation consolidation</td></tr></tbody></table><p> <strong>The current price of $1,129.72 is at a key technical level, with clear short-term bullish momentum, but the daily MACD shows a cautious signal.</strong></p><h3> Key Price Levels</h3><table><thead><tr><th> type</th><th> Price</th><th> strength</th><th> Technical basis</th></tr></thead><tbody><tr><td> Support level</td><td> $1,100</td><td> medium</td><td> 1-hour EMA50, 4-hour SMA200 confluence</td></tr><tr><td> Strong support</td><td> $1,082</td><td> powerful</td><td> 1-hour Bollinger lower track, early consolidation low point</td></tr><tr><td> resistance level</td><td> $1,143</td><td> powerful</td><td> 1-hour Bollinger upper band, recent high point</td></tr><tr><td> Strong resistance</td><td> $1,150</td><td> medium</td><td> News-driven peak, 4-hour Bollinger upper band extension</td></tr></tbody></table><h3> Derivatives Market Conditions</h3><p> <strong>The futures market shows that investors are optimistic about the prospects of BNB:</strong> <reference tool_id="call_51462484" category="heatmap" project="BNB" description="BNB OI USD and 24h change percent by exchange at 2025-10-24 01:33 UTC"/></p><ul><li> <strong>Open interest</strong> : +5.52% in 24 hours, Binance open interest reaches $778 million</li><li> <strong>Funding Rate</strong> : -0.033% (shorts pay longs), indicating bullish sentiment</li><li> <strong>Liquidation data</strong> : Short liquidations $3.14 million vs. Long liquidations $2.38 million</li></ul><p> <strong>Liquidation risk analysis</strong> : <reference tool_id="call_92386691" category="mix_bar_line_liquidation" project="BNB" description="BNB liquidation risk map by price level and exchange (1d period) at 2025-10-24 01:33 UTC"/> Below $1,082, there is a risk of $41 million in long liquidations, while above $1,175, there is a potential for $37.6 million in short liquidations, suggesting greater upside potential.</p><h2> Social sentiment analysis</h2><h3> Twitter/X platform sentiment</h3><p> <strong>The crypto community reacted extremely positively to the amnesty news, with #BNB discussions showing overwhelming bullish sentiment:</strong></p><ul><li> <strong>Positive sentiment dominates</strong> : the community sees this as an &quot;inflection point&quot; in ecosystem growth, emphasizing increased builder energy and on-chain activity <a href="https://x.com/pecunity_app/status/1981382660766199885">x.com</a></li><li> <strong>#Binance is becoming more polarized</strong> : supporters celebrate the resolution of compliance issues, while critics question whether it favors companies with compliance issues <a href="https://x.com/jimsciutto/status/1981493688472846617">.</a></li></ul><h3> Key figures expressed their views</h3><p> <strong>Reactions within the Binance ecosystem:</strong></p><ul><li> <strong>He Yi(Binance Co-founder)</strong> : Expressing gratitude and pledging to continue user-centric innovation <a href="https://x.com/heyibinance/status/1981449799707873632">x.com</a></li><li> <strong>CZ himself</strong> : issued a statement of thanks and promised to &quot;make the United States the capital of crypto&quot; <a href="https://x.com/cz_binance/status/1981404850832494666">x.com</a></li></ul><p> <strong>Market analysts’ views:</strong></p><ul><li> <strong>Bullish</strong> : Altcoin Sherpa and other analysts predict BNB will continue to rise, targeting $1,400</li><li> <strong>Traders are generally optimistic</strong> : they link the pardon with macroeconomic positives (such as the possibility of a Fed rate cut), and expect continued growth <a href="https://x.com/DonnyDicey/status/1981428683736043531">.</a></li></ul><h3> Shifting sentiment in the regulatory environment</h3><p> <strong>The market generally interprets the pardon as a friendly shift in the US regulatory environment:</strong></p><ul><li> The community believes this marks the end of the &quot;crypto war&quot; and expects policies to become more innovation-friendly.</li><li> This is in stark contrast to past &quot;regulatory crackdowns,&quot; raising expectations for a clearer regulatory framework <a href="https://www.coindesk.com/policy/2025/10/23/binance-s-cz-wins-pardon-from-u-s-president-donald-trump">.</a></li></ul><h2> On-chain activity analysis</h2><h3> BNB chain activity surges</h3><p> <strong>On October 23rd, the day of the incident, various indicators of the BNB chain rose significantly:</strong></p><table><thead><tr><th> index</th><th> October 23rd values</th><th> vs. the previous day&#39;s change</th><th> vs. weekly average change</th></tr></thead><tbody><tr><td> Number of transactions</td><td> 22.37 million transactions</td><td> +6.4%</td><td> +9.1%</td></tr><tr><td> Active sending addresses</td><td> 3.07 million</td><td> +10.0%</td><td> +15.8%</td></tr><tr><td> Gas usage</td><td> 3.37 trillion units</td><td> +6.9%</td><td> +6.9%</td></tr><tr><td> TVL</td><td> $8.64 billion</td><td> +5.58%</td><td> -</td></tr></tbody></table><p> <strong>This data suggests that the pardon news not only drove price increases, but also sparked actual on-chain usage activity.</strong></p><h3> Exchange Fund Flow</h3><p> <strong>BNB balance changes on major exchanges (October 22-23):</strong></p><ul><li> <strong>Binance</strong> : Net inflow of 552 BNB (approximately $590,000)</li><li> <strong>OKX</strong> : Net outflow of 2,490 BNB (approximately $2.67 million)</li><li> <strong>Overall</strong> : Net outflow from sample exchanges was approximately 1,938 BNB (approximately $2.07 million).</li></ul><p> <strong>The small net outflow suggests that investors may be transferring BNB from exchanges to private wallets, indicating long-term holding intentions.</strong></p><h3> Comparison of historical events</h3><p> <strong>Comparison of on-chain reactions to major events related to CZ/Binance:</strong></p><table><thead><tr><th> event</th><th> date</th><th> Changes in trading volume</th><th> Active address changes</th><th> Market sentiment</th></tr></thead><tbody><tr><td> <strong>2025 Amnesty</strong></td><td> October 23</td><td> +6.4%</td><td> +10.0%</td><td> Positive rebound</td></tr><tr><td> <strong>2024 sentencing</strong></td><td> April 30</td><td> +4.4%</td><td> -5.6%</td><td> Mixed reaction</td></tr><tr><td> <strong>2023 Guilty Plea/Arrest</strong></td><td> November 21</td><td> -19.3%</td><td> -1.2%</td><td> panic selling</td></tr></tbody></table><p> <strong>The 2025 pardon event saw the most significant increase in on-chain activity, demonstrating the market’s strong reaction to this positive news.</strong></p><h2> Regulatory impact</h2><h3> Direct impact on Binance</h3><p> <strong>The pardon cleared CZ’s personal criminal record, but Binance’s $4.3 billion settlement remains in effect:</strong></p><ul><li> <strong>CZ&#39;s role</strong> : Possibly returning to leadership or advisory role, lifting of US business ban</li><li> <strong>Binance Operations</strong> : Paving the way for re-entry into the US market, legalizing the relationship through $2 billion WLFI transaction (USD1 stablecoin) <a href="https://www.reuters.com/world/us/trump-pardons-convicted-binance-founder-zhao-white-house-says-2025-10-23/">Reuters</a></li><li> <strong>Compliance supervision</strong> : The three-year supervision period is still in effect, but regulatory pressure is expected to ease</li></ul><h3> Industry-wide impact</h3><p> <strong>The amnesty is seen as a major turning point in the regulatory environment for the crypto industry:</strong></p><ul><li> <strong>Policy signal</strong> : Ending the &quot;crypto war&quot; and possibly dropping SEC lawsuits against Coinbase and others</li><li> <strong>Softening of enforcement</strong> : AML/sanctions enforcement standards are expected to be relaxed, but this also raises concerns about non-compliance.</li><li> <strong>International reaction</strong> : EU/UK may strengthen regulation to offset US <a href="https://www.wired.com/story/trump-pardons-cz-binance/">loose</a> policies</li></ul><h3> Political controversy</h3><p> <strong>The pardon decision sparked significant political controversy:</strong></p><ul><li> <strong>Supporters’ view</strong> : Cardano founder Hoskinson said this heals the industry’s “deep wounds”</li><li> <strong>Opponents question</strong> : Senator Warren accused this of being &quot;corrupt&quot; because the Trump family had $2 billion in business <a href="https://www.axios.com/2025/10/23/trump-pardon-binance-cz">dealings</a> with Binance through WLFI</li></ul><h2> in conclusion</h2><p> <strong>Trump&#39;s pardon of CZ signals a significant shift in US crypto regulation, propelling Binance Coin (BNB) to a technical breakthrough and triggering a broad market rotation.</strong> In the short term, BNB has the technical conditions to continue its upward trend to $1,168 or even $1,200, supported by positive social sentiment, growing on-chain activity, and favorable derivatives positioning.</p><p> <strong>Long-term, the pardon paves the way for Binance to re-enter the US market, potentially attracting tens of billions of dollars into the BNB ecosystem.</strong> However, political controversy and potential international regulatory backlash remain significant risks. Investors should closely monitor a breakout above the $1,143-$1,150 resistance zone and any subsequent reaction from the US Congress.</p>
