As the crypto market faces a sharp decline, Binance founder Changpeng Chao (CZ) has given a convincing assessment of the decline in Bitcoin prices.
In a post on his social media account, Zhao touched on the importance of investor psychology.
“It may be an unpopular opinion, but the best strategy is to sell when greed is greatest and buy when fear is greatest,” Zhao said, reminding us that opportunities arise, especially when markets go into panic mode.
After Bitcoin fell to $81,000, market sentiment deteriorated sharply.
Bitcoin is trading at $90,710, with the crypto fear and greed index clearly reflecting deteriorating investor sentiment. As of today, this index is 20, which puts it in the “fear” category.
This level is the same as yesterday, but represents a significant improvement compared to last week. The index fell into the “extreme fear” zone last week, dropping to a low of 10. 39, which was once again in the “fear” zone a month ago, reveals that investor sentiment has been stuck in negative territory for a long time. This situation is even more pronounced when compared to the same period last year. The index peaked at the “extreme greed” level of 84 in November 2024, but fell to the 10 level in November 2025, its lowest point for the year. This indicates a dramatic change in market sentiment.
CZ’s message reiterates that these swings in sentiment are important to investment strategy, and current market conditions back up his words. Despite Bitcoin gaining more than 7% over the past week, the overall market remains depressed and investors are growing cautious.
*This is not investment advice.
