BlockBeats News, January 30, according to official data, within the past 24 hours on the Binance platform, the trading volume of the BTC/USDT pair reached $3.422 billion, showing that Bitcoin trading activity remains high.Previously, Binance announced that it would gradually convert the original $1 billion size of the SAFU Fund's stablecoin reserves into Bitcoin and planned to complete this process within 30 days. Based on the current trading volume, the corresponding amount of this conversion is approximately equivalent to 34% of the past 24 hours' BTC/USDT trading volume.Binance also stated that if Bitcoin price fluctuations cause the SAFU Fund's value to drop below $800 million, it will replenish BTC to restore the fund to a size of $1 billion. The market is closely watching this move, as it may further strengthen Bitcoin's liquidity support and emotional resilience amid the current volatile market conditions.

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