The exchange acquired 1,315 BTC worth roughly $100.4 million, according to data from Arkham Intelligence, bringing its recent accumulation to 2,630 BTC valued at around $201 million.
The move is part of Binance’s broader plan to convert $1 billion of SAFU reserves from stablecoins into Bitcoin, a process the company has been executing in batches. The latest conversion was finalized as bearish sentiment dominated crypto markets and volatility spiked across major assets.
Bitcoin briefly fell below the $73,000 level during the selloff before recovering to around $76,000, as buyers stepped in following the liquidation cascade. Despite the rebound, price action remains fragile, with traders cautious amid persistent macro and geopolitical uncertainty.
Liquidations surged alongside the decline. Over the past 24 hours, total liquidations reached roughly $681 million, with long positions accounting for about $508 million, highlighting how aggressively bullish bets were flushed out during the downturn. Short liquidations stood near $173 million, suggesting bears largely stayed in control.
Market mood remains defensive as investors weigh broader political and economic developments. In Washington, a deal between Senate Democrats and President Donald Trump ended a short-lived partial US government shutdown. However, funding for the Department of Homeland Security remains unresolved, with lawmakers still divided over reforms related to ICE and the Border Patrol.
At the same time, international tensions continue to simmer. The European Union has signaled interest in strengthening cooperation with Washington on critical rare earth minerals, underscoring how supply chains and strategic resources are becoming increasingly politicized.
Against this backdrop, Binance’s steady accumulation through its SAFU fund stands out as a rare sign of confidence, even as broader crypto sentiment remains tilted to the downside and traders brace for further volatility.
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