Binance's emergency reserve fund purchased 1,315 Bitcoin (BTC) worth approximately $100 million in a single hour as the broader cryptocurrency market continues to trade in corrective territory with BTC below $80,000 and Ethereum (ETH) under $2,300.
What Happened: SAFU Fund Accumulates BTC
Data shows that Binance's Secure Asset Fund for Users accumulated 1,315 BTC within a one-hour window. The purchase occurred against a backdrop of market weakness, with macro uncertainty and shrinking liquidity weighing on prices.
The move contrasts with prevailing risk-off sentiment across cryptocurrency markets. Some analysts have criticized Binance and its founder, Changpeng Zhao, following recent market declines, citing the exchange's dominant position in global derivatives trading.
However, no concrete on-chain evidence shows Binance triggered the recent sell-off. Liquidation data suggests leverage was distributed across multiple platforms, with Binance recording a smaller share of forced liquidations relative to its market share.
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Why It Matters: Market Fragility Persists
Bitcoin's weekly structure has weakened after losing the $80,000 psychological level. BTC failed to reclaim its 50-week moving average and now trades below both 50-week and 100-week moving averages, signaling a potential transition phase.
Volume patterns suggest distribution rather than accumulation, with selling pressure increasing on down weeks while rebounds attract limited conviction from buyers.
The $74,000–$78,000 range may offer short-term support, though further downside toward deeper demand zones remains possible.
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