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The crypto market is once again showing strong confidence in Bitcoin after gold prices crashed nearly 10% today. Tron blockchain founder Justin Sun said he plans to increase Bitcoin holdings.
Meanwhile, his statement came soon after Binance announced it would move its entire $1 billion SAFU reserve into Bitcoin, choosing to buy BTC during the market dip.
Tron Plans Bitcoin Purchases After Binance
Responding to Binance’s announcement, Justin Sun tweeted on X stating that he also plans to grow his Bitcoin position over time. While Tron does not currently maintain a large public Bitcoin treasury, the Tron ecosystem manages more than $200 million worth of TRX tokens.
Sun did not provide specific details regarding the amount of Bitcoin he plans to purchase or the timeline for these buys.
However, his response suggests that Tron may begin viewing Bitcoin as part of its broader long-term asset strategy rather than relying solely on native tokens.
Binance Moves $1 Billion SAFU Reserve Into BTC
Earlier today, Coinpedia News reported that Binance announced it plans to convert its entire $1 billion Secure Asset Fund for Users (SAFU) reserve from stablecoins into Bitcoin.
The conversion is expected to be completed within 30 days, marking a significant shift in how the exchange manages user protection funds.
Binance described Bitcoin as the foundation of the crypto ecosystem and a reliable long-term store of value. The exchange also stated that it plans to maintain the SAFU fund at above 800 million even if Bitcoin prices fluctuate.
This move was seen as a strong vote of confidence in Bitcoin during a period of market uncertainty.
Bitcoin Price Outlook
Bitcoin is currently trading near $82,600, down about 6% in the last 24 hours. Today, it fell below the key $84,000 support level, which had held firm since mid-November 2025.
The drop happened as selling pressure increased and total crypto long liquidations crossed $1.6 billion. Bitcoin alone saw more than $750 million in long positions wiped out as the price slipped to around $81,000.
With market sentiment turning weaker, crypto analyst Ted believes bearish conditions could last longer. He expects Bitcoin may fall further, possibly retesting the April 2025 level near $74,000.
