Home BlockchainTraders Debate Binance SAFU Funds Role as a Market Signal After $734 Million Bitcoin Purchase

Traders Debate Binance SAFU Funds Role as a Market Signal After $734 Million Bitcoin Purchase

by BeInCrypto
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Bitcoin and Ethereum Price Performances

Binance’s SAFU (Secure Asset Fund for Users) continues to draw attention after the exchange confirmed a fresh Bitcoin purchase.

The latest conversion brings the fund’s total holdings to 10,455 BTC, valued at roughly $734 million.

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How the Binance SAFU Fund Acts as a Crypto Market Indicator

The latest accumulation is part of a broader plan to convert the entire $1 billion reserve into Bitcoin over a 30-day period. Could this offer clues about broader crypto market cycles?

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