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>>Binance chief executive Richard Teng releases remarks after Bitcoin’s recent decline.

Binance chief executive Richard Teng releases remarks after Bitcoin’s recent decline.

crypthub

2 days ago

Recent Price Decline

Bitcoin dropped 10.8% in 24 hours, reaching $81. The move marked its worst week of the year. November recorded the second‑lowest performance on record. Weekly gains fell to the lowest level seen all year.

Analyst Perspectives

Analyst CryptoDan called the slide a normal correction in long‑term cycles. Some view it as a bear signal, others as a healthy pullback. Binance CEO Richard Teng likened the volatility to risk‑aversion trends in traditional markets. He said deleveraging and profit‑taking drive the dip.

Industry Viewpoint

Despite the fall, Bitcoin still trades above double its 2024 price. The crypto sector has performed strongly, making profit taking expected. Teng described consolidation as beneficial, letting the market breathe and stay grounded. He sees the correction as a chance to build a solid foundation.