Binance SAFU Fund & Bitcoin: The Second Major Step
After completing the SAFU Fund’s second Bitcoin conversion worth $100 million, market confidence has surged, and investors are closely watching major institutional flows, including potential moves by figures like Justin Sun.
📌 What this means for Bitcoin:
This move strengthens psychological and technical support around the $78,000 – $80,000 range.
Large-scale purchases can provide a short-term bullish push, but they are usually not enough to instantly bring Bitcoin back to its all-time highs (~$83,000+).
Reaching higher levels requires continued institutional inflows, positive news, and sustained buying momentum.
👇 Bottom line:
Bitcoin is receiving significant institutional backing. With ongoing positive flows, we could see gradual upward movement toward new highs, but reclaiming all-time highs depends on a combination of sustained buying power and impactful market news.
