$BTC Bitcoin battles $78,400 as Binance launches a massive $1 billion SAFU reserve shift into BTC. Discover the technical "Warsh Shock" levels and how Binance's programmatic $100M-per-batch buying strategy is creating a new structural floor for the 2026 bull case.
$BTC Bitcoin (BTC/USD) is recovering and trading near $78,406 as it works to stabilize after a large $2.5 billion liquidation. Binance began rebalancing its treasury by buying $100 million in Bitcoin during the recent price dip, drawing attention from the market. This is not just a single trade. It marks the beginning of a $1 billion accumulation plan that aims to tie the world’s largest exchange more closely to Bitcoin, the main asset in the crypto ecosystem.
The “Buy the Dip” Breakdown: Binance’s $1B SAFU Shift
On February 2, 2026, Binance officially kicked off its plan to convert the entirety of its Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin.
This emergency insurance fund, set up in 2018 to protect users from major losses, is changing its risk profile to better match crypto-native principles.
Initial Batch Completed: Binance converted $100 million worth of stablecoins into approximately 1,315 BTC.
Average Entry Price: The transaction was executed at an average price of roughly $77,409.89 per coin as Bitcoin traded near nine-month lows.
Ongoing Buying Pressure: With approximately $900 million in stablecoin buying power still remaining, Binance intends to complete the full conversion within the next 27–28 days.
The Floor Mechanism: Binance has committed to maintaining the SAFU fund at a $1 billion target value. Crucially, if price fluctuations cause the fund to drop below $800 million, the exchange will top it back up by purchasing more Bitcoin, creating an implicit support mechanism for the market.