A Comprehensive Understanding|Summary of CZ's Bilingual AMA: Analysis of Market, Ecology, and Future Tracks
Tonight, CZ held a bilingual online AMA in 'Binance Square', engaging in deep interactive communication with global community users. He addressed the most concerning topics such as market trends, MEME coin investment, regulatory compliance, and the integration of AI and blockchain. Regarding hot issues like ecology, content platform construction, etc., CZ provided clear viewpoints one by one. Brother Hai has distilled and categorized all the essential information, removing verbal redundancy and retaining only the core judgments, making it easier for everyone to quickly grasp key information. 1. Market and trend judgment How long will the bear market last? Where is the turning point?
Today a public account published an article, with images and content targeting Huobi founder Li Lin, implying that he is the controller of two whales, and that he caused the market to drop by reducing his holdings. Subsequently, Li Lin posted on social media to refute rumors that he is not an investor in the two whale addresses LD or Garrett Gin, stating that he has never reduced his holdings of BTC or ETH during this market cycle and that there was no market manipulation. Moreover, he complained at the end: "I haven't played the big brother for many years, and after finally taking a few years off, I have to come out and refute rumors a few times every year," expressing his helplessness about being frequently slandered.
Five years ago, the price of Bitcoin was 69000. Today, five years later, the price of Bitcoin is still 69000. The price hasn't changed; only your position is gone.
The large pancake has clearly reached a phased bottom, with super strong support around 59000 that rebounds a few thousand points upon contact. It shouldn't break 60,000 again in the next month or two. I believe the next couple of days will see a recovery rally for a few days, followed by some fluctuation around 70,000. The risk of entering long positions now is very low, brothers can take this into consideration.
In the early morning, Bitcoin led a decline in the blockchain market, with Bitcoin falling below $60,000 and Ethereum dropping below $1,800.
Brother Ocean summarized the following reasons for the blockchain crash. First, there is the reversal of macro liquidity: the Federal Reserve continues to tighten monetary policy, high interest rates increase the holding costs of Bitcoin, the dollar strengthens, global economic expectations are downgraded, and risk appetite decreases, leading to a flow of funds back to low-risk assets. Secondly, there is regulatory impact: global strict regulation raises compliance costs, impacting DeFi and exchange businesses, and lowering institutional willingness to enter the market. Again, there are market structural flaws: high leverage in a bull market leads to a chain of liquidations, panic drains liquidity, the correlation between Bitcoin and traditional finance increases, and its safe-haven attributes weaken.