$BTC ๐จ TODAY: BINANCE SAFU BUYS $101M IN BITCOIN (~$76.8K PER BTC) AS IT ROTATES $1B STABLECOIN FUND INTO BTC
Binance confirmed today, February 2, 2026, that it added 1,315 BTC (~$101M) to its Secure Asset Fund for Users (SAFU). This marks the first major move in a new strategy to convert the fundโs $1B in stablecoin reserves entirely into Bitcoin.
The purchase came during a market dip, with $BTC briefly falling below $75K over the weekend before stabilizing around $77Kโ$78K today.
On-chain data shows the 1,315 $BTC were transferred from a Binance hot wallet to a dedicated SAFU address, pointing to an internal treasury reclassification rather than an open-market spot buy.
This shift signals Binance's long-term conviction in Bitcoin as the "foundational asset" of the crypto ecosystem, moving away from a multi-year reliance on stablecoins for its emergency insurance pool.
๏ฟผ$BTC ย atย $77Kย Could Be the Deepest Pullback of the Bull Run
๏ฟผ$BTC ย dropped 7% toย $77,000 on Saturday before recovering slightly toย $78,690 by end of day, according to CoinMarketCap. The move added to an 11.44% monthly decline, leaving the asset roughly 38% below its all-time high ofย $126,100, reached on Oct. 5.
#Bitcoinย analyst PlanC posted on X on Saturday that the dip could mark the bottom of this bull cycle. He compared the currentย #sell-offย to three prior episodes whereย ๏ฟผ$BTC ย found a floor and reversed: the 2018 bear marketย #bottomย nearย $3,000, the March 2020 crash to aroundย $5,100, and the post-FTX decline to roughlyย $15,500. "Decent chance this will be the deepest pullback opportunity this Bitcoin bull run," PlanC wrote.
PlanC placed the likely range for the cycle bottom betweenย $75,000 andย $80,000. If that reading holds, Saturday's low lands squarely within that window, framing it as a potential accumulation point for traders willing to buy into weakness.
Financial accountant andย ๏ฟผ$BTC ย advocate Rajat Soni pushed back against that reading on X, urging traders to avoid reacting to weekend price action. "Never trust a weekend pump OR dump," Soni wrote, adding thatย ๏ฟผ$BTC ย tends to stage recoveries when sentiment is at its most bearish. His warning came as the market was processing overย $2ย billion inย #liquidations.
Veteran trader Peter Brandt has taken a more cautious stance, predicting thatย ๏ฟผ$BTC ย could fall to as low asย $60,000 by Q3 2026. Analyst Benjamin Cowen expects the true cycleย #lowย to arrive in early October but noted he "anticipates plenty of rallies will occur between now and then."
Jurrien Timmer, Fidelity's director of global macroeconomic research, described 2026 as a possible "year off" forย ๏ฟผ$BTC , with prices potentially dropping toย $65,000 before any sustained recovery takes shape.
The range of forecasts is unusually wide right now.
$BTC Bitcoin Stabilises Near $78K After Recent Sell-Off After sliding through the weekend, Bitcoin found support near $78,250, showing tentative signs of recovery from sharp losses.