Opinion: Bitcoin's drop of over 30% from its all-time high is considered a normal fluctuation, as it has previously dropped over 55%.
December 4th — According to a CNBC report, Bitcoin recently dropped roughly 36% from its all-time high of $126,000 to below $81,000, though data shows pullbacks of this magnitude are common in Bitcoin’s history. The cryptocurrency has since rebounded to trade above $93,000, marking a 26% decline from its record peak.
Historical data reveals similar or larger pullbacks occurred multiple times during Bitcoin’s 2017 and 2021 cycles. Typically, prices have bounced back to new all-time highs following such drops: in 2021, Bitcoin fell over 55% between April and June, then rallied to a new high in November of that year.
Jacob Joseph, Senior Research Analyst at CoinDesk Data, noted that based on past cycles, this level of volatility aligns with Bitcoin’s long-term trend. In the current cycle, Bitcoin saw a 32.7% retracement from March to August 2024, and a 31.7% drop from January to April 2025. Lucy Gazmararian, founder of Token Bay Capital, pointed out the recent price swings are tied
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CZ: Debate on "Bitcoin vs. Tokenized Gold Pros and Cons" with Peter Schiff is about to begin
Dec. 4 — CZ tweeted, “The debate with Peter Schiff is about to start, and preparations are underway backstage.”
Earlier, economist and cryptocurrency critic Peter Schiff challenged CZ on X to debate the pros and cons of Bitcoin versus tokenized gold. In response, CZ said, “While you’re opposed to Bitcoin, you’ve always been professional and unbiased. I respect that. We can debate this.”
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CZ: I have no relationship with the Trump family and am willing to help the United States become the capital of crypto.
Binance CEO Changpeng Zhao (CZ) addressed questions about a Trump pardon, U.S. business plans, and ties to the Trump family during a KOL and media roundtable on December 4th.
First, CZ clarified he has no ties to the Trump family but expressed gratitude for the former president’s pardon, noting it has allowed Binance to operate more freely globally—including in the U.S. He added he is fully committed to helping make the U.S. the “crypto capital.”
Previously, under the Biden administration, Binance sought to exit the U.S. market as fully as possible and cut all business links, avoiding U.S. investments and working to fully withdraw. While Binance US exists, its business is now minuscule: in 2023, the day the SEC sued Binance, Binance US held ~35% market share; today, that share is a fraction of a percent, nearly negligible. It has also lost all banking services and remaining state-level licenses.
Now, CZ sees the U.S. as an “emerging opportunity” and a critical market: it leads
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The Coinbase Bitcoin Premium Index has been in a positive premium for 2 consecutive days, currently standing at 0.0236%.
December 4th — Per Coinglass data, Coinbase’s Bitcoin Premium Index has stayed in positive territory for two straight days, with its current reading at 0.0236%.
BlockBeats Note: The Coinbase Bitcoin Premium Index tracks the gap between Bitcoin’s price on Coinbase (a top U.S. exchange) and the global market average. It’s a key indicator for monitoring U.S. market capital inflows, institutional investment enthusiasm, and shifts in market sentiment.
A positive premium (Coinbase price > global average) typically signals: strong U.S. buying pressure, active entry of institutions or compliant funds, ample USD liquidity, and generally optimistic investor mood. A negative premium (Coinbase price < global average) usually reflects: heavy U.S. selling pressure, reduced investor risk appetite, rising hedging sentiment, or capital outflows.
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CZ: Heco is the hardest working person I have ever met, and my current focus is on the BNB Chain ecosystem project
CZ made the remarks during a "KOL and Media Interaction" session when responding to the question, "How do you view He Yi's title adjustment and the change in her future work focus?"
"From my view, He Yi becoming Co-CEO is completely normal. She has always been a co-founder, working tirelessly to nurture the community and serve users sincerely. She’s the hardest-working person I’ve ever met, and has long been a cornerstone of the company. This title adjustment is more about formal external recognition, helping the Western community get to know her better."
He Yi and Richard have distinct skill sets that complement each other. "He Yi is nine years younger than me, has strong learning abilities, and quickly addresses any gaps. For instance, her English isn’t as strong as Richard’s, but she’s still improving—even though you’ll still catch plenty of grammar errors."
"Recently, when I was in the U.S. with some downtime, I played sports. When I returned, I found the company was runni
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