Come see this phenomenon
CZ opposes the suggestion of 'selling off declining assets'. This has sparked various reactions.
In fact, it is based on the general guiding principles proposed to retail investors, which are derived from the historical recovery patterns of cryptocurrencies, aimed at encouraging everyone to hold positions amidst market fluctuations.
Binance's recent transfers to the market maker Wintermute (such as thousands of ETH in early August 2025) are likely intended for liquidity provision or over-the-counter trading, rather than Binance directly selling off. These are regular operational activities and do not contradict his investment advice. Please make sure to do your own research (DYOR).
However, most netizens do not buy this narrative, believing that while CZ calls on everyone to hold during these days of continuous price decline, he himself is constantly arbitraging, which has caused outrage. However, market makers maintain market efficiency by providing liquidity, which may affect short-term prices but usually does not involve 'control' in a manipulative sense. Regulations aim to prevent such behaviors. Exchanges profit through transaction fees and trading volume, thus their interests are highly aligned with active trading volume. CZ's investment advice only represents his personal opinion.
Frankly, exchanges also need to make money and require liquidity. Although in some respects they may be on the opposite side of traders, the ultimate decision to trade still lies with us retail investors. Whether we profit or not purely comes from our own choices. The moment you press buy or sell, no one can influence you. Therefore, learning and discipline may increase your winning rate. If you only go with emotions, without learning and observation, and do not demand the discipline that some traders should have, it is not so easy to find bottoms and peaks. Otherwise, everyone wouldn't be crying out loud about it.
We all need to learn to look more and act less.
This is a personal opinion, information comes from X, no investment advice given, and not targeted at anyone.
#WLIF is still not cleared... I will endure again.
#ETH losses should be cut in segments, keep the green mountains, not afraid of running out of materials. I hope 4200 is the resistance of this wave, and I will be satisfied if it returns to 4560.