DOWN 5%

Time to hodl while crying in my pillow.

Binance has completed an initial 1,350 BTC purchase as part of a planned $1 billion SAFU fund conversion, acquiring the coins at an average price near $77,900 during a recent market drawdown.

According to on-chain data shared by the exchange, the funds were moved from multiple Binance-controlled wallets into a designated SAFU Bitcoin address. Binance stated the full conversion is expected to be completed within 30 days.

The purchase comes as Bitcoin experienced heightened volatility and significant liquidations, leaving many recent ETF buyers holding BTC above current market prices.

Posted for Bitcoin-focused discussion only.

I'd like to explore investing in crypto but I'm not sure how do people trust exchanges that are not regulated by government? So I got informed about crypto.com but I hear they are charging huge exchange rate that wipes away profits. Any suggestiosn?

Nothing has changed. Governments are still spending far far more money than they raise in tax. Fiat currency around the world is still being debased. Debt is exploding. Saylor, Blackrock and Wall Street are not fools. The reason you purchased BTC have not changed one bit. If you're new, this is normal. If you're a few cycles in, you know what to do. BTC is $77,500. A few years ago you'd be popping ya corks over this. Enjoy the ride and forget the noise.