Zhao Changpeng responds to Bitcoin's anti-dip performance: Traditional market declines usually drag down the crypto market, but Bitcoin shows remarkable resilience

Oct 30, 2026 19:44:38

Binance founder Zhao Changpeng responded to community users' comments regarding Bitcoin's resilience against declines, stating that considering the significant drop in traditional financial markets today, which exceeded that of the crypto market, Bitcoin's performance is quite surprising. Typically, a downturn in traditional financial markets drags down the crypto market as investors tend to sell off assets and hoard cash, but this time Bitcoin has shown remarkable resilience.

Previously, some community users indicated that if the world's largest cryptocurrency exchange faced a hack exceeding $6 billion, they expected Bitcoin's price to suffer a severe setback; however, it only dropped about 3% that day, suggesting that the market bottom may be approaching.

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