What Does Former Binance CEO Say as Bitcoin Falls Below $100K?

As Bitcoin plunges below $100,000 amid geopolitical tensions, former Binance CEO Changpeng Zhao reassures the community that this is merely a dip before the next all-time high.

What Does Former Binance Ceo Say As Bitcoin Falls Below $100k

As tensions between Israel and Iran escalate and the U.S. joins the conflict, Bitcoin has plummeted sharply, dropping to $98,500—its lowest level in months. The crypto market turned red across the board, shaking investor confidence. Yet, Changpeng Zhao (CZ), former CEO of Binance, offered a completely different take: “This is just a dip before Bitcoin reaches a new all-time high.”

From Peak to Plunge: Bitcoin Tumbles Amid Global Unrest

Just a month ago, Bitcoin was soaring, hitting a new all-time high of $111,900, capping off a strong year-long rally. However, escalating geopolitical turmoil—especially in the Middle East—combined with weak macroeconomic outlooks have sent the leading cryptocurrency spiraling downward, triggering panic across the crypto space.

Cryptocurrency Market Capitalization Has Plummeted
Cryptocurrency Market Capitalization Has Plummeted

In the past 24 hours, the global crypto market has shed 1.24% of its capitalization, with over $658 million in liquidations, affecting nearly 188,000 traders. Altcoins like Ethereum and Solana weren’t spared either. The Altcoin Season Index dropped to a two-year low, and hopes for a bull run in 2025 are starting to fade.

Earlier this year, many analysts predicted Bitcoin could hit $150,000 by mid-2025. But now, unexpected shifts in geopolitics and delayed interest rate cuts have thrown those projections off course.

CZ: “Every Dip Is Just a Setup for the Next ATH”

Cz On X
Cz On X

In the midst of market panic, CZ remains calm. According to him, every deep correction is just part of the journey toward Bitcoin’s next all-time high (ATH). Still, he emphasized, “Not all coins will make it. Only a few strong ones have what it takes. Look for long-term resilience and real growth potential.”

Many market experts agree. Analyst SightBringer, for example, believes Bitcoin is fundamentally built for new ATHs due to its scarcity and growing demand.

However, the market is clearly undergoing a strong filtering process. Tokens lacking real utility, competitive edge, or the ability to adapt to shifting trends are likely to be left behind.

The crypto market is at a critical juncture. While Bitcoin may recover and reach new highs, it won’t be a smooth ride. Investors must stay tuned to economic, political, and technological developments—and trade strategically, rather than follow the crowd.

(1 vote)

5.0/5

(1 vote)

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338