Binance's $200M BTC buy via SAFU has minimal price impact, analysis finds

Binance's purchase of $200 million worth of Bitcoin through its Secure Asset Fund for Users (SAFU) has had a minimal impact on the market price, according to an analysis by BeInCrypto. The outlet explained that the move is more of an asset reallocation within the crypto market rather than an influx of new capital. It also noted that the purchase amount is insignificant compared to the overall market size and that macroeconomic pressures are currently overwhelming any positive developments.