Bitcoin price today: Price slippage
As of 5 pm today (February 4th), Bitcoin - the world's largest electronic currency - according to market value reversed to decrease by 2.91%, to 75,927.78 USD.
This new price contributed to bringing the market capitalization to trade at 1.517 billion USD. Trading volume in 24 hours reached 67.09 billion USD.
Assessments and forecasts
Binance has completed 2 conversions, each worth 100 million USD, from neutral cryptocurrency to Bitcoin for the User Asset Protection Fund (SAFU), raising the total conversion value to 200 million USD, equivalent to 20% of the target of 1 billion USD.
These transactions are part of a 30-day plan announced by Binance on January 30, 2026, aimed at restructuring the SAFU Foundation's reserves from neutral currency to Bitcoin, while maintaining a safeguard threshold for users' assets.
The first conversion, announced and implemented on February 2, included 1,350 BTC, worth about $100.7 million at the time, when the Bitcoin price fluctuated around $77,000.
The second phase, announced today (February 4), continued to convert an additional 100 million USD of neutral cryptocurrency to about 1,349.9 BTC.
If the plan is implemented on schedule, the average purchase rate is about 33 million USD per day. This is a gradual accumulation strategy, not a purchase deal large enough to shake the market.
In addition, on-chain data shows that most of this conversion activity is actually internal reclassification, that is, Binance transfers its existing BTC amount to the SAFU wallet.
This does not mean strong buying in the open market, where Binance will have to buy new BTC from the spot market, creating new demand and possibly pushing prices up immediately.
Therefore, this move shows long-term holding confidence, but the immediate buying pressure in the spot market is not large.
Broader market factors also play an important role. Adjustments after 2025, liquidation chains, and prolonged macroeconomic fluctuations have put downward pressure on prices, likely eliminating the "bottom-fishing" effect from SAFU's transitions.
The SAFU Foundation's steps are structurally supportive, but more defensive than a quantitative easing (QE) intervention in the literal sense.
This fund also includes a "floor" mechanism: if market volatility causes the SAFU value to fall below $800 million, Binance will add $1 billion to bring the fund back, simulating a price support strategy.
In the long term, this structured accumulation sends a strong signal of confidence from organizations in Bitcoin. By transferring a stable, low-risk capital reserve fund to BTC, Binance is positioning itself as a "central bank of cryptocurrencies", secretly accumulating reserves and demonstrating its commitment to considering Bitcoin as a reserve asset.
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