{"id":44847,"date":"2025-06-23T16:00:05","date_gmt":"2025-06-23T13:00:05","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=44847"},"modified":"2025-06-23T12:52:12","modified_gmt":"2025-06-23T09:52:12","slug":"czs-bitcoin-comment-is-98-5k-the-bottom-or-a-sign-of-a-new-ath","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/czs-bitcoin-comment-is-98-5k-the-bottom-or-a-sign-of-a-new-ath\/","title":{"rendered":"CZ\u2019s Bitcoin Comment: Is $98.5K the Bottom or a Sign of a New ATH?\u00a0"},"content":{"rendered":"

Bitcoin price dropped to $98,500<\/strong> as the Israel-Iran war intensified and the U.S. intervened. Binance\u2019s Changpeng Zhao (CZ)<\/strong> considered this drop a \u201cbottom\u201d before a new all-time high (ATH).<\/span>\u00a0<\/span><\/p>\n

This sharp decline in the market<\/strong> caused fear among investors, while CZ\u2019s bullish<\/strong> comment drew attention. BTC reaching its lowest level in recent months triggered widespread sell-offs across the crypto market.<\/span>\u00a0<\/span><\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Geopolitical Tensions Hit Crypto\u00a0<\/a><\/li>
  • CZ: \u201cThis Is Just a Dip Before a New Peak\u201d\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Geopolitical Tensions Hit Crypto<\/span>\u00a0<\/span><\/span><\/h2>\n

    The escalating war between Israel and Iran has driven global investors toward safe havens. With the U.S. directly involved<\/strong> in the conflict, Bitcoin, Ethereum<\/strong>, and altcoins suffered significant losses. Today, $875 million<\/strong> was liquidated<\/strong> from the crypto market<\/strong><\/a>.<\/span>\u00a0<\/span><\/p>\n

    In this environment, the total crypto market cap dropped by 1.24%<\/strong><\/a>. The altcoin season index hit its lowest level in two years. The delay in interest rate cut expectations and the impact of war have put the projected $150K BTC<\/strong> target for 2025 on hold.<\/span>\u00a0<\/span><\/p>\n

    <\/span>CZ: \u201cThis Is Just a Dip Before a New Peak\u201d<\/span>\u00a0<\/span><\/span><\/h2>\n

    CZ<\/strong> reiterated his belief that \u201cevery dip is an opportunity.\u201d However, he emphasized that this comment does not apply to all cryptocurrencies. According to him, only strong, in-demand, and long-term potential coins will see new highs.<\/span>\u00a0<\/span><\/p>\n

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    Remember, by definition, everything before the next ATH is a dip.<\/p>\n

    — CZ \ud83d\udd36 BNB (@cz_binance) June 23, 2025<\/a><\/p><\/blockquote>\n