💪 Binance SAFU Fund acquires BTC at the bottom: unrealized losses narrowed to 6.05 million dollars, 43% of the purchase plan completed

The Binance SAFU Fund's BTC replenishment plan has made new progress! From February 2 to 6, the fund purchased 6,230 BTC (total value of 434 million dollars) in three transactions at an average price of 69,740 dollars, and the unrealized losses have now narrowed from a high point to 6.05 million dollars.

Key data overview:

Total plan: 1 billion dollars purchase limit, currently 43.4% completed

Holding cost: 69,740 dollars/BTC vs current price 70,364 dollars

Unrealized loss ratio: narrowed from a maximum unrealized loss of over 15% to the current 0.9%, close to breakeven

$BTC How do you view the timing of institutional bottom fishing? Is it precise bottom fishing or left-side layout? 👇

Data source: PANews, CoinGecko

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