In a strategic move amid fluctuating market conditions, Binance has bolstered its Secure Asset Fund for Users (SAFU) by adding 3,600 BTC. The addition comes at a critical time as Bitcoin”s price has dipped to approximately $68,010.80, despite a recent 3.4% increase over the past 24 hours.
Changpeng Zhao, the founder of Binance, has praised this acquisition, describing it as “perfect timing.” The recent transaction raised the total holdings in the SAFU fund to 6,230 BTC, valued at around 250 million USD stablecoins at the time of purchase. Binance has stated its intention to continue accumulating BTC to achieve the fund”s objectives within 30 days following this announcement.
Currently, Bitcoin”s price has experienced significant volatility, having dropped from a high of around $92,000 on January 20, 2026. Over the past week, Bitcoin has decreased by 17.94%, and its value has declined by 24.39% in the last month. This recent downturn has positioned Bitcoin at 45.96% below its all-time high of $126,198.07, reached on October 7, 2025.
Market analysts remain cautious, with predictions suggesting that Bitcoin may not reach a new all-time high by the end of 2026. The expected price remains conservative, with forecasts indicating it could hover around $100,000, reflecting a 45% likelihood. In addition, a revised projection estimates Bitcoin to trade at approximately $88,862 over the next three months, representing a potential increase of 26.07% amid a volatility rate of 8.68%.
As Bitcoin continues to test critical support levels of $63,232 and $51,687, resistance levels are noted at $74,777 and $86,321. While bearish sentiments dominate the current market landscape, there are hints of optimism, possibly influenced by ongoing efforts to establish the United States as a global cryptocurrency hub.
In related news, the South Korean crypto firm Bithumb has faced challenges that may have influenced recent market behaviors, leading to notable sell-offs in Bitcoin.
