Binance Founder Predicts Massive Decline Following Bitcoin All-Time High
Bitcoin Hits New All-Time High and Ethereum Also Surges Amid Volatility as CZ Says the Market Is Still in a Dip
Former Binance CEO has weighed in on the current crypto market, saying that despite recent upward trend Bitcoin is still in a dip.
“If you missed’ the previous dips, there will be dips in the future too. And we are still in one now,” he tweeted. There are no limits to mathematical numbers or fiat printing, only a limited number of bitcoins.“
The statement emphasizes the fact that, unlike fiat currencies, which can be printed in unlimited quantities by governments, specific cryptocurrencies like Bitcoin have a fixed supply cap. This means it has no ATH and its price can grow without limit.
Bitcoin Rallies to New All-Time High
CZ’s comments come as Bitcoin records a new all-time high, surging to over $118,000 today according to data from CoinMarketCap. The apex coin went up by nearly 7% driven by massive institutional demand from companies like Strategy. Notably, spot bitcoin exchange-traded funds also contributed to the surge, recording $1.18 billion in inflows on Thursday, the second-highest daily inflow since their launch.
Consequently, the surge triggered a massive wave of liquidations, wiping out more than $1.11 billion in short positions within 24 hours. This marks the largest single-day liquidation event in 2025, surpassing the previous record set on May 10.
Ethereum also saw a similar massive upward movement, surging up more than 18.3% to $3,017 as per data from Coingecko. Analysts note that the sharp increase, with a substantial rise in futures open interest, as Ethereum futures open interest jumped more than 10% in a single session, is a classic sign of increased speculative activity.
Market Volatility Sparks Mixed Reactions Among Traders
While Bitcoin’s record-breaking rally has fueled bullish sentiment across the crypto space, it has also stirred caution among some investors and analysts.
Some traders view the current momentum as a sign of an extended bull cycle driven by institutional interest. In contrast, others warn of a potential pullback, especially as profit-taking and overleveraged positions come into play.
CZ has urged traders to view the ATH as a dip and a sign to acquire more. As Bitcoin continues to rise, market participants are bracing for heightened fluctuations in the coming days.
