Hupzy (Spot On Chain)|10月 31, 2026 19:39
Binance's SAFU Fund shifted its full 𝟳,𝟱𝟬𝟬 𝗕𝗧𝗖 balance ($581M) to a freshly created wallet in a single on-chain move — among the largest single-wallet BTC transfers from a named institutional entity this month.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The SAFU Fund is Binance's user-protection insurance pool, not a trading desk — a transfer to a fresh wallet with no exchange destination reads as custody reorganization, not imminent sell pressure. But at $581M, any subsequent leg to an exchange deposit address would be a material bearish flag. Worth tracking the new wallet for its next move.
Wallet: https://arkm.com/explorer/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD
source: lookonchain
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