Overview
- Binance moved another 1,315 BTC on February 4 worth about $100.4 million, matching an earlier transfer reported two days prior.
- The two transfers total 2,630 BTC valued near $201 million, representing roughly 20% of the planned $1 billion conversion.
- Binance published the SAFU wallet address and transaction ID, while Arkham Intelligence flagged the on-chain movement to the designated address.
- The activity came during heavy market turbulence as Bitcoin briefly dipped below $73,000 before hovering near $76,000, with about $681 million in liquidations led by long positions.
- CEO Changpeng Zhao dismissed criticism with a public post, and Binance reiterated its commitment to bolster SAFU if its value falls below roughly $800 million.