Binance SAFU Fund Completed with 1 Billion Dollars in BTC

Binance has completed the conversion of its Secure Asset Fund for Users (SAFU) wallet to 1 billion dollars worth of Bitcoin and committed to holding BTC as its core reserve asset. On Thursday, according to Arkham data, a purchase of 4,545 BTC worth 304,58 million dollars, the fund reached 15,000 BTC with an average cost of 67,000 dollars. The conversion announced on January 30 was completed in less than two weeks, contrary to the 30-day plan.

Binance SAFU Fund BTC Conversion Details

The exchange has stated that it will rebalance if the fund value falls below 800 million dollars due to volatility. This move reinforces institutional confidence during the period when Goldman Sachs increased its 1.1 billion dollar BTC holdings.

BTC Technical Analysis: Critical Support and Resistance Levels

• Price: 67.188,30 USD (+0,43% 24h)
• RSI: 30,40 (Oversold region)
• Trend: Downtrend, Supertrend Bearish
• Supports:
  • S1: 65.840 USD (Strong, 75% score, -2,01% distance)
  • S2: 59.998 USD (Strong, 73% score, -10,70% distance)
• Resistances:
  • R1: 69.302 USD (Strong, 72% score, +3,15% distance)
  • R2: 73.126 USD (64% score, +8,84% distance)

Trading continues below EMA 20: 75.463 USD. Visit the BTC detailed analysis page for a detailed review.

Market sentiment at record low: Fear & Greed Index at 5 points. BTC fell below 60.000 USD. According to Nansen, profitable traders are net short 105 million USD in BTC, predominantly short in majors except AVAX. Click for AVAX analysis.

BTC Market Sentiment and SAFU Impact

The SAFU conversion is a long-term confidence signal despite short pressure. RSI oversold, recovery potential exists. For futures: BTC futures.

Frequently Asked Questions About BTC and SAFU Fund

How much BTC does the Binance SAFU Fund hold?
15,000 BTC, worth 1 billion USD.

What will SAFU do if BTC falls?
Rebalance if it falls below 800 million USD.

What does BTC RSI 30 mean?
Oversold, buy opportunity signal.