Yeliz Akmaca 
Bitcoin price dropped to $98,500 as the Israel-Iran war intensified and the U.S. intervened. Binance’s Changpeng Zhao (CZ) considered this drop a “bottom” before a new all-time high (ATH).
This sharp decline in the market caused fear among investors, while CZ’s bullish comment drew attention. BTC reaching its lowest level in recent months triggered widespread sell-offs across the crypto market.
Geopolitical Tensions Hit Crypto
The escalating war between Israel and Iran has driven global investors toward safe havens. With the U.S. directly involved in the conflict, Bitcoin, Ethereum, and altcoins suffered significant losses. Today, $875 million was liquidated from the crypto market.
In this environment, the total crypto market cap dropped by 1.24%. 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 target for 2025 on hold.
CZ: “This Is Just a Dip Before a New Peak”
CZ reiterated his belief that “every dip is an opportunity.” 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.
Remember, by definition, everything before the next ATH is a dip.
— CZ 🔶 BNB (@cz_binance) June 23, 2025
CZ stated, “The real question is, will a new ATH come? Yes, but only for solid projects.” Analysts like SightBringer agree with this view. Due to Bitcoin’s limited supply and growing institutional interest, it is expected to reach new highs.
Market experts remind investors to shift from hype projects to coins with strong infrastructure and real-world utility.
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