🚨 Binance completes $1B SAFU transition into Bitcoin
@binance has finalized the purchase of 4,545 BTC, completing the full conversion of its $1 billion SAFU Fund reserves from stablecoins into Bitcoin within 30 days of the initial announcement. SAFU now holds 15,000 BTC (~$1.005B at $67,000/BTC), reinforcing Binance’s long-term conviction in BTC as a premier reserve asset.
• $DEGO Entry: around current trading range (e.g., near support ~$0.33–$0.36 based on recent data) • Profit Target: first resistance zone ~20–30% above entry (approx +0.07 to +0.10 from entry) • Stop-Loss: ~10% below entry (e.g., if entry $0.35, SL ~ $0.315)
$BTC I’ve just opened a short position on BTC. There’s a chance my stop-loss could get hit quickly, but I’m not convinced by this buying momentum , it looks like a potential fake move. A sharp correction/crash is still possible. Share your view in the comments.
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