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Changpeng Zhao fires back on X, says traders must own their risk, not blame Binance

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Changpeng Zhao fires back on X, says traders must own their risk, not blame Binance

Changpeng Zhao uses X to slam scapegoating, telling traders to own their risk as Bitcoin, Ethereum and BNB prices slide across the market.

Binance’s co‑founder is done playing scapegoat. On X, Changpeng “CZ” Zhao fired back at critics, insisting that users—and the media—have to stop outsourcing responsibility for their trades.

CZ’s message: stop blaming Binance

“Not saying we are perfect, but at this point, smart people actually triple check any negative ‘news’ on Binance. They are just making stuff up,” CZ wrote on X, adding that “words like ‘blame’ are designed to only attract people who are unwilling to take responsibility for their own actions.” The post, viewed more than 36,000 times within hours, directly challenges a familiar reflex in crypto: when prices fall, blame the exchange.

He doubled down in replies. To a user complaining that Tether’s Paolo Ardoino should “unfreeze my wallet,” CZ replied, “I don’t know any details of your case with USDT of course… I’d imagine your funds was somehow related to a police case, or it was flagged (hopefully incorrectly) by some AML tool. Give it some time, it should be resolved properly.” The subtext is brutal: enforcement flags and compliance tools—not Twitter outrage—decide when funds move.

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Community reaction: consolidation under pressure

Supporters framed the storm as a stress test the Binance ecosystem can absorb. “Nothing is perfect anyway. Frustration needs a target. They pick the number 1. And ‘quadruple check’ negative comments is a must,” wrote user @Spigg1115. Another BNB community account argued, “It would be better if everyone spent their time building a stronger, higher-quality crypto world that can reach all 8 billion people on this planet. They are wasting their time for nothing.” As one trader put it bluntly: “Red candles bring creative headlines.”

Price tape: reality check in numbers

While the blame game rages, the market is delivering its own verdict. Bitcoin (BTC) trades around $70,096, down about 0.63% over the last 24 hours and roughly 27.4% below its level a year ago. Ethereum (ETH) changes hands near $2,104, slipping about 2% over the same period. Binance’s own BNB (BNB) token is priced around $636, with a 24‑hour range between roughly $617 and $645 and recent highs above $640.

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Crypto World

Bitcoin Breaks 5-Month Losing Streak With $68K March Close: What’s Next?

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Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis

Bitcoin (BTC) closed March in green, ending the longest monthly losing streak since 2018. Data suggests that the coming months may prove to be profitable for BTC.

Key takeaways:

  • Bitcoin ended March 2% higher, marking the first green monthly close in six months.

  • A similar streak in 2018/2019 led to an over 316% BTC price rebound over five months.

  • Bitcoin price faces stiff resistance at $70,000-$72,000, where key trend lines converge.

Past multi-month downtrends were followed by 300% price gains

Historical price data from CoinGlass confirms Bitcoin printed its first green monthly candle in six months, closing March 2% higher after five straight months of losses.

“This is a massive dose of hopium,” analyst Ash Crypto said in an X post on Wednesday.

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The analyst was referring to a possible shift in momentum, which might lead to a sustained recovery, as seen in previous cycles.

Related: Crypto Fear & Greed Index stuck on ‘extreme fear,’ but is there a silver lining?

The last time this happened was in 2018/2019 when BTC closed February 2019 in green, after six consecutive red months, as shown in the figure below.

This led to a reversal with over 300% returns the following five months, as Bitcoin recovered from the 2018 bear market.

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“Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after!” trader Satoshi Flipper said in a Wednesday post on X.

Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis
Bitcoin monthly percentage returns. Source: CoinGlass

If history repeats itself, the reversal may continue in April, suggesting that BTC price may have bottomed at $60,000.

Bitcoin’s bullish monthly close is a ”catalyst for fresh inflows into early April,” Trader Caleb said, adding:

“April starts with momentum.”

Bitcoin has a well-established tendency for significant price swings in April.

Since 2013, April has been a green month for eight of the past 13 years, with average returns of about 12.2%

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However, Bitcoin also tends to move in the opposite direction to March in April, and this is true for nine out of the past 13 years. 

In recent years, Bitcoin dropped in April after closing March in green, three out of four times between 2021 and 2024. 

Therefore, while the end of past multi-month drawdowns suggests a rebound is due, data demonstrates that BTC price could also slide in April.

Watch these Bitcoin price levels next

Data from TradingView shows BTC price up 2.5% on the day to trade at $68,470 as the $69,000-$70,000 resistance remains in place.

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Analysts expect Bitcoin’s range-bound price action to continue for longer, with important price levels to look for in case of a breakout. 

These include the $70,000-$72,000 supply zone, coinciding with the 50-day simple moving average (SMA), the 50-day exponential moving average (EMA) and the 1w–1m cohort cost basis

This is also where investors acquired approximately 650,000 BTC, marking a potential point of sell pressure, according to the cost-basis distribution data from Glassnode.

Breaking above this level could see BTC/USD revisit the $76,000 range high and eventually the $80,000 psychological level.

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BTC/USD daily chart. Source: Cointelegraph/TradingView

Zooming out, trader Sheldon Diedericks said Bitcoin could “push into resistance” at $83,000 on the monthly time frame, a key support level from April 2025. The 200-day EMA is also close to this area.

BTC/USD monthly chart. Source: X/Sheldon Diedericks

On the downside, the 200-week EMA at $68,300 and the 200-week SMA at $59,400 remain key levels to watch. Below that, the next major level is Bitcoin’s realized price around $54,000.

As Cointelegraph reported, Bitcoin’s bear market bottom could be formed once BTC price drops toward or below its realized price.