- CZ says Bitcoin’s $100K breakout rewards investors who held through April’s 40% market pullback
- Binance co-founder blames panic selling on poor crypto education and lack of conviction among users
- Bitcoin rebounds from $74K lows as CZ reaffirms long-term holding strategy during volatile cycles
Former Binance CEO Changpeng Zhao (CZ) stressed the importance of holding crypto, making a timely post on X after Bitcoin retook the key $100,000 support level.
This latest Bitcoin move signals renewed bullish market sentiment, with most analysts now predicting a new all-time high.
CZ: Lack of Education Fuels Crypto Panic Selling
Zhao linked crypto users’ inability to hold assets through bear markets to a lack of thorough education. According to the Binance co-founder, the ineptitude to hold often comes from a lack of understanding of tech, finance, and the market dynamics.
Related: CZ Scoffs at Bitcoin “Crash” Talk as BTC Slides Under $90K
He noted that users who bought Bitcoin simply out of recommendation would hardly find the conviction to hold during price dips.
Crypto Market Resilience Underpins “Hold” Mentality
Zhao’s statement followed a characteristic Bitcoin comeback, a recovery pattern now common within the resilient crypto ecosystem.
Related: CZ vs. Analysts: Is Bitcoin Following or Breaking Past Cycles?
Experienced investors largely believe this market resilience is born from continuously growing adoption. Despite the crypto market’s inherent volatility, Bitcoin and altcoins always find a way to recover from protracted pullbacks.
Past Cycles Show Conviction Key for Crypto Holders
Reflecting on past cycles, only Bitcoin and a select few crypto assets achieved full-cycle recoveries to new all-time highs during the last major bull run.
Many analysts believe there is remaining momentum from the previous bull run because many altcoins remained in the bear zone without making convincing rallies. Nevertheless, Zhao noted that holding in the crypto market is essential for convicted users.
Bitcoin’s $100K Reclaim Validates Holding Strategy
Bitcoin reclaiming the $100,000 support is the recovery many users have been waiting for to confirm the return of bullish sentiments. The cryptocurrency has surged 40% from the low point of the latest pullback, bouncing off the $74,434 support from April 7, 2025, to trade for $103,661 at the time of writing, according to data from TradingView.
Investors who held their assets through this last pullback now express relief and are looking towards potential profits. This outcome stands in stark contrast to those who may have panic-sold their holdings at a loss during the price dip.
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