Binance buys dip with first $100M Bitcoin purchase from $1B SAFU fund

[rdluffy]

I read that Binance was going to buy 1 billion in BTC a few days ago
I even thought it wasn't true, but then I saw the source and realized it was real

I don't know if it will influence the price in any way, but it's definitely not an initiative by Binance to increase the price or anything
Saylor makes purchases almost every week, and even so, the price hardly moves, and worst of all, it still falls when he announces his purchases

1 billion in BTC doesn't seem to have much effect, Does Binance buy from miners, OTC...?

[sunsilk]

It looks good on them in paper because that's how they have to put their funds into their advantage.

While this is good for them, why is it that it feels like that we're seeing the past like what's with UST?

I don't wish to have the same ending as that project but every money that comes in to Bitcoin is from the profits that they've made from the last bull run.

[Satofan44]

The shitposter _act_ opens yet another useless thread in a desperate attempt to get some merit and get one post for his signature campaign in.  You are unable to write any substantial contributions to most threads, that is why you continue to behave this way.

Binance is the reason of market crash in 10 October and its consequence has lasted till now. I read complaints that many Binance users did not happy with their losses in the crash and what Binance compensated them later. I have no way to verify whether what they said about Binance compensation, in their opinion is unfair, is true but it is one of reference. Rather than using SAFU fund to buy Bitcoin dips, Binance should treat their users better as their exchange reputation has been harmed a lot since then.

In another view on this dip purchase from Binance, it can help people in the market calm down a little bit as they see diamond hands actually took action and caught the dip. The purchase increases demand on Bitcoin during latest chaotic weeks, and can trigger other people to accumulate bitcoins in bearish time.

Wrong. This is one of the many conspiracy theories that have been circulating around X and other crypto related platforms, with no proof at all that Binance is directly involved with the liquidation event. This is another example of idiots who are applying a reductionist view to every situation that unfolds here. Binance can only compensate if there are technical errors in the platform, and not for losses that result from market movements. Many users are playing with leverage, those that are complete idiots like OP, and it is their own fault when they get liquidated. Do not play with the big guys, do not pretend that you are traders. You are nothing, you are nobodies.

Binance is not in any way acting to protect investors confidence in the Bitcoin market, but rather binance taking advantage of the recent Bitcoin price dip to bag up more Bitcoin to their portfolio, this is what most big cryptocurrency companies with large liqudities in stable coins so each time of the bear market, they always buy the dip and wait.

Did they claim that they are doing this to "protect investor confidence"? Most of the users in Bitcoin and crypto are doing everything backwards, they sell when everyone is fearful and the prices are low and they buy when the prices are high. Most people are fearful right now while the institutional level players are taking their money away.

Policy uncertainties, geopolitical risks, attack on the US Feds independence, etc is leading to the weakening of the US dollars. Companies and Central Banks are massively diversify thier reserve currency. They might not announce these moves for the fear of punishment from the US government, but dedollarization process is ongoing.

The US dollar in global foreign exchange reserves was 71.19% at the beginning of 1999 but it is now 57.08% in the second quarter of last year. Binance might be simple moving it's reserve from the dollars to Bitcoin.

https://www.aa.com.tr/en/economy/us-dollars-share-of-global-reserves-shrinks-amid-policy-uncertainty/3814225

These things are completely unrelated. People having some balance in a currency does not mean that they are using it as a "reserve currency".

[_act_]

The shitposter _act_ opens yet another useless thread in a desperate attempt to get some merit and get one post for his signature campaign in.  You are unable to write any substantial contributions to most threads, that is why you continue to behave this way.

At least I am not the moron of 2025 Mr trouble maker.

I check the first page of my topic history, I earned just 4 merits out of 20 topics. You may think you know all but you are a dumb ass and a moron that you are called.

And at least I still earned 130 merits in 120 days and you can see most highly ranked reputable members among them sent me merit Mr know all.

If you did not know the reason I posted this thread, that means you are really a dumb ass. If I earn just 4 merit from 20 topics, you can easily know that I do not post topic to earn merit.

I was only indicating that the sell pressure might be eased now dumb ass.

Why are you in a signature campaign if you can abuse others of being in a signature campaign dumb ass?

[Satofan44]

I check the first page of my topic history, I earned just 4 merits out of 20 topics. You may think you know all but you are a dumb ass and a moron that you are called.

And at least I still earned 130 merits in 120 days and you can see most highly ranked reputable members among them sent me merit Mr know all.

You are receiving merit because you are a filthy, 3rd world, shitposting yes-man. You are a completely useless tool who follows around main members in order to get some merit, while you have made zero substantial contributions to any worthwhile discussion or Bitcoin overall. Therefore, most of the posts that you are making are generic and low quality junk that you are writing in order to get the count up and meet the requirements of your campaign. Most of the threads that you have opened, you have opened for 2 reasons: One is merit desperation, other is post count. Both of which I have already described, focusing on a single one in a desperate defense shows that you are a malicious and dumb user.

I was only indicating that the sell pressure might be eased now dumb ass.

Which continues to align with your pattern of posting low level misinformation. Even a child could figure out after asking GPT that one has nothing to do with the other. Just because some entities want to buy a lot of Bitcoin, whereas $1B these days does not even constitute a lot, that does not change the reasons for which others are selling. Actually, the whole behavior of the market in 2025 shows that you could not be more wrong on this even if you tried to be wrong intentionally. Most of retail and other idiots who are spamming here like you have been selling while institutions have been massively loading up. Therefore, buy pressure or organized buy actions even when publicly announced do not reduce the sell pressure. Using the word "might" is a sign of generic writing. You might as well die tomorrow, but you might also survive. Completely useless statement, but hey you got that post count up.  

The fact is: You continue to spread low-level FUD and misinformation repeatedly through your posts and your threads. There is nothing to argue about, I will repeat this in every thread where I see you. Go beg LoyceV for some merit, you useless pajeet.  

I was the first person that gave you neutral trust on this forum for abusing the merit system, that has been the time you have me in mind.

Quoted and tagged for posting malicious lies. You are probably mistakenly projecting your own abuse between your alt accounts and other farming colleagues.

[_act_]

You are receiving merit because you are a filthy, 3rd world, shitposting yes-man. You are a completely useless tool who follows around main members in order to get some merit, while you have made zero substantial contributions to any worthwhile discussion or Bitcoin overall. Therefore, most of the posts that you are making are generic and low quality junk that you are writing in order to get the count up and meet the requirements of your campaign. Most of the threads that you have opened, you have opened for 2 reasons: One is merit desperation, other is post count. Both of which I have already described, focusing on in a desperate defense shows that you are a malicious and dumb user.

Because you know me? Anyone can come from anywhere, we are all humans. Not that someone that think he is superior will look down on other countries because of his stupid thinking just as you are Mr racist who does not like people from third world countries.

What contribution have you made? Than to cause your own havoc-like discussions on this forum.

If you are good in the technical discussion on this forum, do not think you are better. At least I always create scam and hack awareness on this forum. I still make good topics. My merit is enough to indicate that I am not bad on this forum but you just want to be the idiotic person that you are.

I was the first person that gave you neutral trust on this forum for abusing the merit system, that has been the time you have me in mind. I wish we we can settle our differences, but you are just so idiotic.

Which continues to align with your pattern of posting low level misinformation. Even a child could figure out after asking GPT that one has nothing to do with the other.

Why you are so blind to the extent that you can not decipher it. Mr moron of 2025.

You have turned this thread into something else.

This bitcoin forum is not only about technical discussion or proving that you know something than the other people. I am still trying my best, but you always think that you know all. Very bad of you.

[Ambatman]

Binance said they will convert customers protection money, SAFU (that is worth $1 billion) to bitcoin. The market really dipped recently but I think Binance used this to boost bitcoin investors confidence for them not to panic. I think this is also good for Binance as bitcoin price will increase.

When I saw this I was like this isn't good
This isn't boosting confidence for the greater good of all
I'm quite biasly pessimistic when it comes to exchanges especially binance
So I believe they are trying to appeal to the gullible that it's all Good then it dips.


If many don't know, Bitcoin price falling isn't Crypto specific but general to the economy
Macroeconomic change with inflation coming out stronger than expected
And FEd chair perceived to being hawkish towards inflation
So their anticipated rate cut is in jeopardy.

[Satofan44]

I'm quite biasly pessimistic when it comes to exchanges especially binance

Why? Given how old Binance is and how many exchanges scammed, got hacked or did other malicious things in this time, it seems to be quite a good actor. What do you have against it?

If many don't know, Bitcoin price falling isn't Crypto specific but general to the economy

This part is correct, but it is not necessarily the economy. It has to do with how large financial companies are intertwined now with this. 99.99% of the users here know nothing about trading, finances or economics. Many large players are hedged in ways that seem like fantasies to most people. When Gold and Silver crashed so hard, there were definitely many parties who had to sell Bitcoin and other crypto to cover their positions. We can never know the details from outside, that is why reductionist views of very complex events are stupid -- especially theories such as a single entity being responsible for a single event, like some users did for the October event, or nonsense like OP said about sell pressure.

Macroeconomic change with inflation coming out stronger than expected
And FEd chair perceived to being hawkish towards inflation
So their anticipated rate cut is in jeopardy.

This part is incorrect. It seems likely that the next inflation numbers are going to show deflation and there will be an emergency big cut instead. Also, the job market seems to be in trouble according to the latest data so that would also check out. Check it out (this is about CPI, information about the job market and massive layoffs you can find somewhere else): https://x.com/APompliano/status/2017963951456219310, but there is always a chance that it is wrong. Even if it indicates something, I would never make trades on such information alone. The next CPI data comes out in about 10 days.

[Ambatman]

This part is incorrect. It seems likely that the next inflation numbers are going to show deflation and there will be an emergency big cut instead.

I was referring to December 2025's that was released last month.

Check it out (this is about CPI, information about the job market and massive layoffs you can find somewhere else): https://x.com/APompliano/status/201796395145621931

This was measured via Truflation which is more now than CPI.
CPI is behind and could still show that we have a relatively high inflation even if real life data seems otherwise.

The market is still reacting to past data of December and their actions would have reduced measured inflation.

Why? Given how old Binance is and how many exchanges scammed, got hacked or did other malicious things in this time, it seems to be quite a good actor. What do you have against it?

The same reason you mentioned
There are many exchanges that got hacked and scammed (FTX did affect me then)
Focus on Binance since I had some history with them some years ago that I'm still bitter about hence why I added bias.

APompliano stated that deflation is a bigger risk than inflation which imo depends on who
Now that you mention it I just realized I have overlooked the fact that some things are getting cheaper
I was thinking it was fiscal policy from my government
Inflation may be easing little world wide.

1 billion in BTC doesn't seem to have much effect, Does Binance buy from miners, OTC...?

I would say both but lean more towards OTC because even if they are buying from miners it would still be OTC

[Alphakilo]

I'm quite biasly pessimistic when it comes to exchanges especially binance

Why? Given how old Binance is and how many exchanges scammed, got hacked or did other malicious things in this time, it seems to be quite a good actor. What do you have against it?

If many don't know, Bitcoin price falling isn't Crypto specific but general to the economy

This part is correct, but it is not necessarily the economy. It has to do with how large financial companies are intertwined now with this. 99.99% of the users here know nothing about trading, finances or economics. Many large players are hedged in ways that seem like fantasies to most people. When Gold and Silver crashed so hard, there were definitely many parties who had to sell Bitcoin and other crypto to cover their positions. We can never know the details from outside, that is why reductionist views of very complex events are stupid -- especially theories such as a single entity being responsible for a single event, like some users did for the October event, or nonsense like OP said about sell pressure.

Macroeconomic change with inflation coming out stronger than expected
And FEd chair perceived to being hawkish towards inflation
So their anticipated rate cut is in jeopardy.

This part is incorrect. It seems likely that the next inflation numbers are going to show deflation and there will be an emergency big cut instead. Also, the job market seems to be in trouble according to the latest data so that would also check out. Check it out (this is about CPI, information about the job market and massive layoffs you can find somewhere else): https://x.com/APompliano/status/2017963951456219310, but there is always a chance that it is wrong. Even if it indicates something, I would never make trades on such information alone. The next CPI data comes out in about 10 days.

This is just plain market positioning move for Binance and although it has to boost investors confidence, the Fed and other factors may still have more to do with the price of Bitcoin becoming bullish as of suddenly.
I still see a bright future for Bitcoin investors and holders more especially and the fact that this dip is holding strong is a strong sign of the Bitcoin market positioning itself to gain better balance since the spot ETF for large pockets is efficient enough and more countries standing to hold Bitcoin as a strategic reserve, instead of selling outrightly to crash the market.

[henry_of_skalitz]

I read that Binance was going to buy 1 billion in BTC a few days ago
I even thought it wasn't true, but then I saw the source and realized it was real

I don't know if it will influence the price in any way, but it's definitely not an initiative by Binance to increase the price or anything
Saylor makes purchases almost every week, and even so, the price hardly moves, and worst of all, it still falls when he announces his purchases

1 billion in BTC doesn't seem to have much effect, Does Binance buy from miners, OTC...?

They will do it in bulks, so, I don't think it will have an effect that much, as the cap is a trillion (and much more than that).

[charrles]

Binance said they will convert customers protection money, SAFU (that is worth $1 billion) to bitcoin. The market really dipped recently but I think Binance used this to boost bitcoin investors confidence for them not to panic. I think this is also good for Binance as bitcoin price will increase.

I am not sure about the news but if you read it, you will see the txid of the transaction which is the second link below.

https://cointelegraph.com/news/binance-buys-dip-first-100m-bitcoin-safu
https://www.blockchain.com/en/explorer/transactions/btc/b1231fa059a73d7408a0f40fdc41f603d16f520609a4890ee33763a294385490

The remaining stable coin will be converted to bitcoin in the next 27 days.

So, the next one week is going to be exciting.

It might cause good boom in prices resulting on fomo among new investors.

[fikrett]

Binance said they will convert customers protection money, SAFU (that is worth $1 billion) to bitcoin. The market really dipped recently but I think Binance used this to boost bitcoin investors confidence for them not to panic. I think this is also good for Binance as bitcoin price will increase.

I am not sure about the news but if you read it, you will see the txid of the transaction which is the second link below.

https://cointelegraph.com/news/binance-buys-dip-first-100m-bitcoin-safu
https://www.blockchain.com/en/explorer/transactions/btc/b1231fa059a73d7408a0f40fdc41f603d16f520609a4890ee33763a294385490

The remaining stable coin will be converted to bitcoin in the next 27 days.

So, the next one week is going to be exciting.

It might cause good boom in prices resulting on fomo among new investors.

Did you see the cap of BTC? And how much the 1B would do to it as of now?

[Rustam Meraj]

I believe that this change shows that Binance is not afraid of complete crash of market anymore, and its insurance fund allows it to purchase drop and steady the system.
Although this does mean value of this fund will now go up and down along with price of Bitcoin, it is strong sign to regular investors to remain calm and trust smart money leader next time the market looks shaky. And I think they are just saving money with investment. If they are investing $1 billion so I am sure that they will get 5 to 10x after 5 to 10 years.

[nemesis_incarnate]

I believe that this change shows that Binance is not afraid of complete crash of market anymore, and its insurance fund allows it to purchase drop and steady the system.
Although this does mean value of this fund will now go up and down along with price of Bitcoin, it is strong sign to regular investors to remain calm and trust smart money leader next time the market looks shaky. And I think they are just saving money with investment. If they are investing $1 billion so I am sure that they will get 5 to 10x after 5 to 10 years.

or it's just the fact that the exchange wants and sees more ways to profit with BTC or any other crypto that may be as reliable.. and there is no better way than BTC.

[KiaKia]

Binance said they will convert customers protection money, SAFU (that is worth $1 billion) to bitcoin. The market really dipped recently but I think Binance used this to boost bitcoin investors confidence for them not to panic. I think this is also good for Binance as bitcoin price will increase.

I am not sure about the news but if you read it, you will see the txid of the transaction which is the second link below.

https://cointelegraph.com/news/binance-buys-dip-first-100m-bitcoin-safu
https://www.blockchain.com/en/explorer/transactions/btc/b1231fa059a73d7408a0f40fdc41f603d16f520609a4890ee33763a294385490

The remaining stable coin will be converted to bitcoin in the next 27 days.

Some people will probably start to think that the price recovery will start now, this purchase of Bitcoin is very low and also it won't stop Bitcoin going under 70k when it's ready to go down.

I also read that the chances that the government closed down in America is increasing, it looks like it's going to happen and this will greatly affect the crypto market again.

It's very hard to accept for many that this is the beginning of Bitcoin bear market, do not be deceived by any retraces from here, the last bus stop is still the way down.