Binance added roughly $233 million worth of bitcoin to its Secure Asset Fund for Users (SAFU), according to onchain data shared by Lookonchain.
The purchase comes as technical indicators showed bitcoin’s relative strength index (RSI) dipping into deeply oversold territory, a level often associated with heightened volatility and potential market inflection points. The inflow increased the size of Binance’s insurance-style SAFU reserve, which is designed to protect users in extreme scenarios rather than support day-to-day operations.
Onchain tracking shows the BTC was accumulated during a period of broader market stress, reinforcing the perception that Binance is using SAFU to strengthen balance-sheet resilience when conditions tighten. The move does not imply immediate market intervention but signals continued funding of the safety pool during drawdowns.
Source: Lookonchain (X).
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