Changpeng Zhao has stepped back from his earlier confidence around Bitcoin’s so-called “supercycle” stressing patience over bold predictions after recent market turbulence. His comments highlight how quickly sentiment can shift, even when the long-term macro outlook for crypto still appears constructive.
This reassessment came after Bitcoin fell below the $75,000 level, triggering roughly $2.5 billion in leveraged liquidations. CZ noted that fear-driven narratives on social media amplified panic selling, while broader macro pressures such as U.S.–Iran tensions, inflation concerns, and uncertainty around Federal Reserve policy added further stress across risk assets.
Earlier, the supercycle thesis suggested Bitcoin could move beyond the traditional four-year halving cycle, supported by crypto-friendly regulation, increasing institutional inflows, and reduced dependence on supply shocks alone. Recent price action challenged that view, with BTC failing to hold key supports near $82,500 and $75,500 and briefly trading below realized price around $80,700 placing many holders underwater and weighing heavily on sentiment.
On-chain and market data present a split picture. Liquidations accelerated from about $850 million to $2.5 billion, wiping out close to 200,000 trader accounts. Smaller holders have largely been net sellers, while large “mega-whales” appear to be quietly accumulating suggesting long-term positioning continues despite short-term fear.
For traders, the message is clear: the supercycle narrative may not be invalidated, but its timing is now far more uncertain. Macro forces matter as much as adoption and halving mechanics. A disciplined approach focused on structure, on-chain metrics, and risk management remains more reliable than reacting to short-term FUD.
#USIranStandoff #TrumpEndsShutdown #DPWatch #TrumpProCrypto $USDC $BNB