- CZ clarified his viral Bitcoin quote was old as traders faced fresh pressure from ETF outflows and fear.
- Bitcoin stayed near $77K while weak institutional demand and global tensions weighed on sentiment.
- Changpeng Zhao warned crypto users about rising scams spreading through Telegram, GitHub, and LinkedIn.
Binance co-founder Changpeng Zhao pushed back against a viral X post that recycled his old Bitcoin comments as fresh market guidance while traders faced renewed pressure across crypto markets. Bitcoin hovered near $77,000 after a two-week decline, while weakening ETF demand and cautious investor sentiment fueled fresh uncertainty.
The widely shared post claimed CZ had “just said” there was “No need to panic, Bitcoin will never die!” However, Zhao quickly dismissed the claim with humor. “‘just said’ a few years ago,” he replied alongside a laughing emoji. Archived posts later confirmed he originally made the statement in February 2025.
Besides, the exchange founder continued defending Bitcoin’s long-term outlook despite recent volatility. Earlier this year, CZ told CNBC that growing global crypto support could eventually break Bitcoin’s traditional four-year cycle. “If you look at the five, ten year horizon, it’s very easy to predict. We’re going to go up,” Zhao said.
Bitcoin Sentiment Faces Macro Pressure
CoinMarketCap data shows Bitcoin held near $77,000 on Monday as geopolitical tensions and weakening institutional demand kept traders cautious across crypto markets. Investors also monitored uncertainty surrounding possible United States-Iran negotiations after Iranian officials confirmed progress in talks but ruled out any immediate agreement.
Meanwhile, demand from large investors continued slowing. Spot Bitcoin exchange-traded funds posted more than $1 billion in outflows during the past two weeks. As a result, risk appetite across digital assets remained weak, even as the Crypto Fear and Greed Index improved slightly from “Extreme Fear” to “Fear.”
Despite the market pressure, Changpeng Zhao maintained his bullish long-term outlook. CZ argued that growing pro-crypto policies in the United States and other regions could disrupt Bitcoin’s traditional four-year cycle.
Related: Bitcoin Price Action: 3 Key Signals Behind Rising BTC Selling Pressure
CZ Warns About Rising Crypto Scams
Meanwhile, Changpeng Zhao warned users about a rising wave of crypto scams targeting developers and traders across LinkedIn, Telegram, and GitHub. Fraudsters often lure victims with high-paying Web3 job offers before asking them to install “verification software” during fake interviews.
Zhao also dismissed false online rumors claiming he disappeared in a Dubai surfing accident. The fabricated story spread quickly through crypto communities and triggered a rush of meme coin launches across Solana and BNB Chain. Consequently, CZ criticized how rapidly misinformation and speculative trading now move through digital asset markets.
Despite his long-standing support for Bitcoin, Zhao previously revealed that BNB accounts for more than 98% of his personal crypto portfolio.
Related: Bitcoin Price Prediction: BTC Momentum Fades as Bears Target Key $76K Support
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