Binance founder Changpeng Zhao (CZ) has offered a calm message to traders as the global crypto market faces intense selling pressure.
His brief comment on X (formerly Twitter) came while Bitcoin and major altcoins extended their November decline.
Bitcoin Slips Below $100K Once Again
Bitcoin once again slipped below $100,000, trading at $97,392 as of the time of publication. The drop pushed the world’s largest cryptocurrency more than 6% lower in 24 hours and nearly 23% beneath its October 6 peak of $126,080.
Solana recorded a fall of about 9%, reaching $142. XRP also slid by 8%, moving to $2.30. These moves highlight broad pressure across major digital assets.
CZ Shares a Measured Take on the Market Slide
Amid the turbulence, CZ addressed the growing anxiety in the trading community. In a short message on X, he noted that each market dip often prompts extreme reactions and apocalyptic predictions.
He reminded his 10 million followers that markets move in cycles and that “time continues,” even during periods of sharp decline. In his words:
“Every dip, some people think it’s the end of time. Time continues.”
His post drew a quick response from an X user known as DOGE OG, who claimed markets tend to react after CZ tweets.
Zhao rejected the idea, saying people tend to notice only events that appear to confirm such assumptions. He emphasized that numerous counterexamples exist and that this belief reflects perception bias rather than actual influence.
Zhao Points to His Own Trading Missteps
To give traders a perspective, Zhao has recently shared personal examples of poorly timed entries. He recalled buying Bitcoin for approximately $600 in 2014, only to watch it drop to $200 soon after.
He also noted that his 2017 BNB purchases dropped 20-30% shortly after he entered the market. Zhao said he often ends up “in a losing position” and urged traders to manage their risk carefully.
Zhao’s latest investment also moved against him. He disclosed a $2.5 million buy of the ASTER token, which powers the Aster perpetual DEX.
The token briefly surged more than 30%, rising from $0.91 to $1.20 after his revelation. The surge quickly faded, and ASTER slid to $0.84, placing him in another unrealized loss.
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