The crypto market has experienced a significant drop, with almost $1 billion in leveraged positions being wiped out. Bitcoin has gone from a local high of $109,000 to $77,000, a 28% decrease in just one month. This has led to extreme fear and uncertainty in the market, with liquidations and panic being prevalent. Changpeng Zhao, the former Binance CEO, responded to the situation by stating that dips are normal in free markets and if the volatility is too much to handle, it may be time to reconsider investment decisions. He sees crypto as a fundamental shift in worldview and not just about financial gain. Zhao has witnessed the highs and lows of the crypto industry and believes that this current drop is just another cycle. He hinted that 2025 could potentially be a bull rally after a recovery year, similar to what 2021 was to 2020. While there are debates on whether this drop is a temporary correction or the start of a prolonged bear market, CZ remains firm in his perspective.



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