Binance added 4,225 BTC worth $300 million to its SAFU wallet on Monday, pushing the reserve's value above $720 million. The move is part of a plan announced on Jan. 30 to convert the $1 billion user protection fund to Bitcoin, with completion targeted within 30 days. The shift increases exposure to BTC price volatility.

Bitcoin has slid into the historically significant $60K–$62K demand zone after breaking below a prior major daily low near $75K and remains capped under the $75K–$77K supply area. Price has rebounded toward the $69K–$70K region on both daily and 4-hour charts but now trades in a compressed range between this resistance band and the key support around $60K. On-chain data shows the $60K area aligns with the realized price of 18-month to 2-year holders acting as support, while the realized price of 12- to 18-month holders near $85K–$90K could form resistance on any recovery.

Bernstein analysts, including Gautam Chhugani, expect Bitcoin to reach $150,000 in 2026, citing spot ETF inflows and post halving supply constraints. In parallel, Bitcoin Hyper, a Layer 2 using the Solana Virtual Machine, has raised $31.3M in its presale, with Etherscan noting whale activity and a token price of $0.0136753.

On February 9, Binance said its SAFU Fund added 4,225 BTC, worth over $300 million, taking total holdings to 10,455 BTC. The exchange plans to finish converting the fund's reserves from stablecoins to Bitcoin within 30 days, and on-chain data recorded the transfer at an average $70,403.17 per BTC.

Binance has converted $300 million in stablecoins into 4,225 BTC as part of an ongoing rebalance of its Secure Asset Fund for Users, taking the reserve's Bitcoin holdings to 10,455 BTC. The exchange plans to shift up to $1 billion of SAFU into BTC over a 30-day window, with automatic top-ups if the fund's value falls below $800 million. In parallel, USD1's supply has reached $5 billion, most of it reportedly held on Binance, while a WLFI airdrop campaign offers $40 million in rewards to USD1 holders until February 20.

On February 9, 2026, Binance said it completed a 4,225 BTC purchase for its Secure Asset Fund for Users, funded with approximately $300 million in stablecoins. The update put SAFU's Bitcoin balance at 10,455 BTC and outlined a 30-day rebalancing plan, with further purchases expected as progress is disclosed.

Bitcoin recovered nearly 2% after briefly falling below $70,000, but analysts argue the move sits within a broader bearish setup. One trader expects BTC to oscillate between roughly $57,000 and $87,000 before eventually breaking lower toward the $44,000–$50,000 area, while others highlight its position below the 50-week EMA near $95,300 as a sign of continued vulnerability.

On Feb. 9, Binance confirmed that its Secure Asset Fund for Users converted roughly $300 million in stablecoins into Bitcoin, lifting the fund's holdings to 10,455 BTC valued at about $734 million. The reserve, created in July 2018 as an insurance pool and now holding around $1 billion in crypto assets as of February 2026, also fulfills regulatory capital roles under the Abu Dhabi Global Markets framework.