Binance has initiated its $1 billion SAFU fund conversion by purchasing $100 million worth of Bitcoin near nine-month lows, acquiring 1,350 BTC at about $77,873 each. The move responds to community criticism following a $19 billion liquidation event in October, while Bitcoin continues to struggle below $80,000, causing ETF investors to hold underwater positions. Market analysis indicates elevated volatility and bearish sentiment with growing probabilities of Bitcoin falling below $65,000 in 2026.

#BTC #ETF