Binance Turns $1B SAFU Fund into Bitcoin: Is the Bottom Finally Here?

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Ah, Binance! The exchange that has more twists and turns than a particularly convoluted plot by a second-rate soap opera writer. They’ve just completed the grand transformation of their $1 billion SAFU Fund from the oh-so-stable embrace of stablecoins into the wild, unpredictable world of Bitcoin. Yes, you heard that right-4,545 BTC have been procured as the final act of this financial magic show, which was announced back in January when it seemed like a good idea (because when does it not?).

And just to add a sprinkle of drama, they declared:

“With SAFU Fund now fully in Bitcoin, we reinforce our belief in BTC as the premier long-term reserve asset.”

Now, AMBCrypto, the diligent watchdog of the crypto realm, has verified that the SAFU Fund address 1BAuq indeed contains a veritable treasure trove of 15,000 BTC, worth an astounding $1.013 billion-at least until the market changes its mind again!

Originally, Binance decided to carry out this conversion plan on the 30th of January. And lo and behold, less than two weeks later, they’d wrapped it up at an average cost of $67K per Bitcoin. It’s almost like they had a crystal ball-or perhaps just very optimistic accountants!

The exchange framed this move as a valiant response to ‘market volatility and pressure’ to support the sector’s ‘long-term growth.’ But let’s be honest, the timing was a bit suspect, much like a cat who’s just knocked over a vase and is now pretending to be innocent. Critics were quick to claim that Binance was the puppet master behind the October crash. Who knew exchanges could also moonlight as bear market instigators?

Is the final BTC bottom close?

Now, since the SAFU Fund conversion was announced, BTC has taken a swan dive from $84K to $67K-an impressive 20% drop that surely left some investors clutching their chests in shock. However, one ever-optimistic market watcher chirped:

“Last time Binance did this, BTC price dumped like 10%-ish and then went up 4x in the next 2 years.”

It’s worth noting that Binance has hoovered up over 16K BTC between 2022 and 2024. But the explosive BTC move in late 2024? That was driven by none other than Donald Trump’s victory in the U.S. presidential election. Who would have guessed that a pro-crypto candidate could send prices soaring? Certainly not the folks at Binance, who might have thought they had a monopoly on good news!

Even so, if more firms and investors decide to wade into the murky waters at current levels, it could help stabilize prices and anchor a true market bottom. Because, after all, who doesn’t love a good comeback story?

Blockchain analytics firm Glassnode also chimed in, noting that whales were already diving into discounted BTC like kids into a ball pit. Apparently, the 30-day Moving Average for Exchange Whale Outflow has surged over 3% since the sharp drop to $60K-talk about a feeding frenzy!

A Glassnode analyst added that this little dance mirrored the structure seen in H1 2022, when whales accumulated for several months before the next bull market began. So, if you’re a whale, now might be the time to take your positions and prepare for the next big wave!

“This mirrors the structure seen in H1 2022, when whales accumulated for several months and in multiple waves, before the next bull market began.”

In the short term, however, macro headwinds could still keep the crypto assets as lively as a sloth on a lazy Sunday afternoon. At press time, BTC was trading at $68K, probably contemplating its life choices.

Final Thoughts

  • Binance has finished converting the SAFU Fund into BTC and now owns a whopping 15K BTC, worth over $1 billion. That’s a lot of digital coins!
  • Whales’ buying spree surged by 3%, and who knows? This accumulation trend might just help stabilize the market for the next bull run. Fingers crossed!

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2026-02-13 08:17