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Binance founder Changpeng Zhao attempted to tone down fears amid skyrocketing whale offloads. The top crypto by market cap has faced one of the worst runs in recent years, losing a significant portion of gains. Traders remain skeptical, as weekly data points are bearish amid heavy whale liquidations.
Will Bitcoin Whales Defy Market Outlook?
CZ encouraged Bitcoin holders on social media after sentiment hit multi-month lows. According to him, Bitcoin won’t be dead for long and is expected to recover once sharp exits cool off. Crypto assets are highly volatile, with sharp swings that can lead to both gains and losses.
Bitcoin hit an all-time high above $125k last year but has since struggled to maintain inflows. The first major blow was the loss of $112k in support, followed by a 32% slide over three months. These initial losses sparked capital rotation toward other assets, such as gold and artificial intelligence (AI) stocks.
Macro factors also played a role in the market decline, though they only prolonged the bear phase. Signs of a dip became prominent in late Q3 2025 once institutional capital stalled. This year, geopolitical tensions mounted pressure, causing major retail and institutional panic.
The last bull window was characterized by corporate treasury buys totaling billions as firms looked to diversify their balance sheets. Traditional firms soon got in the mix, dominating accumulations, a position analysts warned could impact prices should sentiments flip.
 
Following the first drop, institutions stopped buying, sentiments tanked, and the asset plunged nearly 35%. At the time of writing, BTC price is slightly above $61,600, going down 8% this week. The top crypto further slipped 2% today, leaving traders unsure.
New data from Santiment shows retail investors’ demand surpassing institutional traders’, pointing to a negative stretch. Institutional sell-offs are now in their fourth consecutive week, trickling into altcoins.
CZ’s comments are timely, coming from a major crypto enthusiast as bulls lock eyes on a potential recovery. It should be noted that current risks mean such a rebound is far out and depends on institutional turnaround.
Zhao and Binance usually support market, crypto project, innovation, and rule-clarity positions. In a recent post on X, he stated that the next generation would judge how current players handled AI and crypto innovations.
The latter continues to linger, as critics cite risks of market manipulation and illicit finance. Other enthusiasts, such as Michael Saylor, also backed the market to recover strongly after the red wave.