CipherX零号

The wallet is almost empty! 😶 Bitcoin plummeted, gold and silver crashed, and the US stock market was bloodied! What exactly happened? #CZ币安广场AMA

$BTC CZ responds to market doubts: denies allegations of Binance causing October's crypto market crash

In response to the approximately $19 billion forced liquidation that occurred in the crypto market in October this year, Binance founder Zhao Changpeng (CZ) recently made a public statement denying the accusations that "Binance caused the market crash" and stated that these claims are "tenuous and lack factual basis".

CZ indicated that some opinions simplistically attribute the market's violent fluctuations to a single exchange, which misinterprets the complex market structure. He emphasized that the drastic price swings at that time were due to multiple overlapping factors, including concentrated high-leverage positions, liquidity contraction within a short period, and a rapid reversal of market sentiment, rather than the active behavior of any single platform.

Regarding user complaints about price discrepancies and system issues, CZ also provided explanations. He acknowledged that under extreme market conditions, the platform did experience technical pressures, but these issues do not equate to "market manipulation". To this end, Binance has compensated affected users approximately $600 million to cover losses from abnormal trading and system failures.

CZ further pointed out that the forced liquidation mechanism itself is an inherent risk of leveraged trading. When a large number of high-leverage positions simultaneously trigger risk control rules, it is difficult for any large platform to completely avoid a chain reaction. He called for the market to view risk management issues more rationally, rather than seeking a "single culprit" after volatility occurs.

Overall, CZ's response attempts to shift the focus from emotional blame back to the market structure and the risk itself, while also indicating that Binance is willing to take responsibility for system issues, but refuses to take the blame for the overall market decline.

$BTC JUST IN: 🇺🇸 Michael Saylor says Kevin Warsh will soon become the first pro-Bitcoin Chair of the Federal Reserve.

KEVIN WARSH IS THE RIGHT CHOICE FOR THE FED. 🇺🇸

Good evening everyone! Due to the last-minute adjustment of the CZ AMA, it will start at 0:50 UTC+8. Thank you.

CZ cousin, when will you invite sister Yi to start the broadcast? 😂

CZ: Not the first time, won't be the last time.

Been receiving FUD attacks since day 1. Will address it in the AMA tonight, look below the surface on why and how.

While our (self perceived) "competitors" focus on us, we continue to build and grow. 💪

I am really looking forward to my live stream traffic hitting a new high after this AMA. 😂😂😂

$BTC JUST IN: 🇺🇸 President Trump to announce new Fed Chair to replace Jerome Powell next week.

$BTC JUST IN: 🇺🇸 President Trump says Fed Chair Jerome Powell is a "moron."

"We should be paying lower interest rates than any country in the world."

$BTC Michael Saylor: We buy real bitcoin. We audit our custodians. We don’t rehypothecate. You shouldn’t either.

$BTC BREAKING: 🇺🇸 Federal Reserve pauses interest rate cuts, remains at 3.50 - 3.75%.

$BTC ⚡️ INSIGHT: The FOMO around gold and silver is not surprising. With time-lag effects at play, Bitcoin’s digital gold era will come, says Yi He of Binance.

$BTC 🇺🇸 TODAY: FOMC decision at 2:00 PM ET, followed by Powell's press conference at 2:30 PM ET.

Will the crypto market pump or dump?

JUST IN: 🇺🇸Treasury Secretary Bessent says the economy is set to enter a non-inflationary boom later this year.

$BTC On the Binance lane...

$BTC we’re betting on the dark horse

$BTC 🟠 SAYLOR BUYS $264M WORTH OF BITCOIN

Strategy purchased 2,932 $BTC for $264.1 million.

The company now holds 712,647 BTC, worth approximately $54.19 billion.