Crypto Market in a "Tactical Pullback, Not a Collapse," Says Binance CEO

In the face of the recent drop in the crypto market, Richard Teng, CEO of Binance, displays measured optimism. In an analysis published on February 25, he describes this decline as a mere “tactical retreat” and not a fundamental trend change, reminding us of the historical resilience of the sector.

Richard Teng analyzes the current drop in the crypto market

Richard Teng spoke on February 25 on platform X regarding the current drop in the crypto market. The CEO of Binance, the largest exchange platform in the world, sought to reassure investors by stating: ” It is important to consider this a tactical withdrawal, not a reversal. Cryptocurrencies have faced this kind of situation before and have bounced back even stronger. “

This significant drop comes after the announcement by U.S. President Donald Trump regarding the imminent application of a 25% tariff on Canada and Mexico, in a context where macroeconomic conditions influence the crypto market. This news immediately caused turmoil in the financial markets, with a particularly visible impact on digital assets. Bitcoin thus fell below $90,000, reaching $88,700 at the time of writing this article, down 3.6% in the last 24 hours.

According to Teng, this reaction is perfectly normal: ” History has shown that cryptocurrency markets react to macroeconomic changes like traditional assets, but they also rebound with remarkable resilience. ” He also emphasizes that the caution adopted by the U.S. Federal Reserve regarding rate cuts contributes to this temporary volatility.

Solid fundamentals supporting a rebound

Despite the gloomy atmosphere currently prevailing in the market, Richard Teng highlights several fundamental indicators that suggest a brighter future. The crypto fear and greed index currently shows a concerning score of 21 out of 100, indicating “extreme fear” among investors. However, this situation may not last.

” What we are witnessing today is a new tactical retreat in the short term, far from a structural decline “, insisted the CEO of Binance. ” Price movements often overshadow what is happening beneath the surface, but the main drivers of cryptocurrency growth remain firmly intact. “

Among the positive signals, Teng notably mentions the strong persistent demand for crypto ETFs and the numerous ongoing applications for new launches in the United States. Since the departure of Gary Gensler from the SEC on January 20, U.S. asset managers have filed applications for ETFs linked to assets such as XRP, Cardano, Solana, and Dogecoin, indicating growing institutional interest.

This analysis aligns with that of Bernstein, a financial analysis firm that maintains its ambitious forecast of $200,000 for Bitcoin over a 12-month horizon, considering the current correction as a strategic buying opportunity. Their analysts even believe that a price below $80,000 would represent a particularly attractive entry point for long-term investors.