The Crypto Market Takes a Hit

The crypto market just took another hit, with almost $1 billion in leveraged positions wiped out. Bitcoin (BTC) slid from its local high of $109,000 down to $77,000 – a brutal 28% drop in just a month.

Now, at its lowest in three months, sentiment indicates extreme fear, characterized by uncertainty, liquidations, and panic. All eyes are focused on one man: Changpeng Zhao.

CZ, the former CEO of Binance and one of the most influential figures in crypto, was asked about the situation on X. His response? Dips are normal in free markets. He advised that if the volatility is too much to handle, it might be time to reconsider investment decisions.

For Zhao, this isn’t just about financial gain; crypto represents a fundamental shift in worldview, a transition he made over a decade ago when he left traditional finance.

> Dips are a part of free markets. 🤷‍♂️
>
> Not financial advice.
>
> If you are stressed about it, you probably should reduce your investment size. (That is, if you view crypto as an investment.)
>
> For me, it’s a worldview shift. I exited the old world 11 years ago. https://t.co/5zzRAMB4YC
> — CZ 🔶 BNB (@cz_binance) February 28, 2025

His words aren’t a market prediction or a call to panic, nor are they reassurance of an imminent rebound. Instead, they serve as a reminder that crypto is inherently volatile and participants must understand the risks involved.

Just Another Day on the Strip

Zhao, who has witnessed the industry’s highs and lows firsthand, even serving a jail sentence, is not experiencing FOMO or falling into FUD. For him, this is just another cycle.

Interestingly, in his first AMA conference after his release from prison, Zhao hinted that 2025 might resemble 2021— a bull rally following a recovery year. He didn’t say that directly, but he views 2024 as a recovery period after two years of bear market initiated by the FTX collapse.

As always, every downturn raises the same questions: Is this a temporary correction or the start of a prolonged bear market? Will Bitcoin bounce back? While traders debate the future, CZ’s perspective remains firm.