Binance CEO Richard Teng stated in a post that recent market volatility should be seen as a "tactical pullback" rather than a structural decline in the cryptocurrency market. He emphasized that the cryptocurrency market has experienced multiple macroeconomic shocks and strong rebounds in history, such as Bitcoin briefly falling below $20000 in 2022 due to the Federal Reserve's interest rate hike, but quickly rebounded with market stability. Teng pointed out that institutional investor interest is still on the rise, ETF funds continue to flow in, and Binance is also steadily growing. He believes that the Fed's temporary suspension of interest rate cuts is a key factor in the recent market adjustment. Although the possibility of a rate cut in March has decreased, future policies will still depend on inflation and employment data. He stated that market corrections are often an opportunity for experienced investors to plan for the next upward cycle, and the cryptocurrency market has become a part of the global financial system and has proven its resilience in dealing with macroeconomic fluctuations.
