ChainCatcher news, according to Bitcoin.com, Ki Young Ju, CEO of blockchain analysis company Cryptoquant, shared his predictions for the crypto market on the social media platform X. Ki Young Ju believes that the return of Binance founder and former CEO Zhao Changpeng after serving his sentence will have a ripple effect on the cryptocurrency market.

Before Zhao Changpeng was released from U.S. custody on Friday local time, Ki Young Ju wrote: "Changpeng Zhao (CZ) was released from prison early today-there is a bullish atmosphere everywhere. I don't know why, but I feel this way too. He only needs to post a post saying 'I'm back' and the market will soar."

Ki Young Ju also discussed Zhao Changpeng's influence in the cryptocurrency field, emphasizing that "outstanding figures like Zhao Changpeng are often scapegoats when the industry fails to meet expectations." He pointed out that although the crypto market has absorbed huge capital, its intrinsic value has not increased accordingly, attributing this disconnect to challenges such as crime and industry immaturity.

Earlier news, Zhao Changpeng (CZ), the former leader and co-founder of Binance, has been released two days earlier than originally planned.