Changpeng Zhao, often known as CZ, is the former CEO of Binance, the world’s largest crypto exchange, and took him to his X account to provide important advice to the Crypto community. In particular, he spoke to people who did not hold Bitcoin throughout the period of major revisions and began panic sales.
CZ gives advice to panic sellers when Bitcoin jumps to $103,800
Zhao believes that people will start panicking Bitcoin for one important reason – “the lack of technology, finance, and the world’s understanding.” He believes that simply purchasing a BTC according to someone’s recommendation will not keep it through the period of volatility and modification. In this case, CZ states, “the belief in panic hold will be lower.”
He emphasized the important importance of educating himself about technology and finance through reading. This should give holders sufficient certainty for Bitcoin, avoiding selling when everyone around them is doing so, and keeping BTC strong for future prospects rather than current price volatility.
The crypto community calls these weak owners “paper hands” and opposes the “diamond hand.”
What is often not possible comes from a lack of understanding of technology, finance and the world.
If you only buy Bitcoin because someone else said that, your belief in panic hold will be lower.
More reading is helpful. 🙏
– CZ🔶BNB (@CZ_BINANCE) May 9, 2025
In a previous tweet, CZ revisited his X post published in 2021. So he said: On Thursday, world pioneer Bitcoin surged beyond the $100,000 level for the first time since January, reaching the $103,800 zone.
I hate to say that, but this month I said that four years ago. https://t.co/w1tt7n0vcd
– CZ🔶BNB (@CZ_BINANCE) May 8, 2025
By revisiting his tweet and commenting “I told you that,” CZ emphasized the importance of holding Bitcoin again.
344,620 New wallet added to BTC network
On-chain data aggregator Santiment has noticed a significant increase in the Bitcoin network recently. A recent tweet announced by IT reveals that 344,620 new wallets have joined the Bitcoin network as FOMO has skyrocketed to a high degree and are “a fear that we missed.”
In Bitcoin’s network, 344,620 new wallets have been created on the network to allow FOMO to be poured into it. Crypto’s top mark cap asset silenced the bear, reaching its first high of 103.8K since January. pic.twitter.com/hai245lqjz
– santiment (@santimentfeed) May 9, 2025
This happened as Bitcoin as the “Silent Bears,” reaching one of the highest levels ever in January before BTC reached $109,100 on January 20th on the day BTC took office in the White House.
At press time, Bitcoin changed hands at $102,653 per unit, down almost 2%.
