The former chief executive officer of Binance “Changpeng Zhao” has reaffirmed his confidence in the top crypto asset. While the crypto market is going through a correction, Changpeng Zhao has anticipated a new ATH for Bitcoin. The Binance founder took to his official X account to predict the impending Bitcoin price rise.
Binance Founder Anticipates Bitcoin’s Surge to a New All-Time High
Zhao’s bullish ATH anticipation for Bitcoin comes at a time when the overall crypto market is experiencing a downturn. Just 3 days back, the top crypto asset was changing hands at a staggering $107,769. Nonetheless, after that, it has seen a substantial 4.72% price correction to reach $96,941. The respective huge dip has shocked the crypto community. Simultaneously, the prominent crypto token has also gone through significant liquidations.
$BTC Records Immense Liquidations, Especially on Long Positions
The total liquidations of Bitcoin over the last twenty-four hours reportedly account for $243.73M. In this respect, $BTC saw a majority of liquidations in long positions, representing a massive $181.18M . Nonetheless, the short positions experienced a relatively lesser amount of $62.20M in liquidations.
In the case of exchanges, Binance witnessed recorded $527.64M in cumulative liquidations. Subsequently, OKX incurred $241.99M in liquidations. Bybit and HTX went through $216.67M and $105.85M in their total liquidations.
Trending Now: Bitcoin Bounces Off Session Lows to Trade at About $97,236
Despite the enormous liquidations and an wider price downturn, the market onlookers stay positive about Bitcoin’s long-term potential. Additionally, Zhao has also expressed his bullish stance by predicting a likely all-time high for Bitcoin. In his X post, the founder of the popular crypto exchange asserted that the current market slump is temporary. While moving on, Zhao also mentioned that, the prestigious crypto token is making its way toward an exclusive ATH.
Zhao Advises Followers to Wait for Bitcoin to Grasp Headlines with Exclusive ATH
According to Zhao, the community needs to stay calm and wait for the news of Bitcoin touching its latest all-time high. Zhao has assured his followers about Bitcoin’s likely spike that would likely capture headlines. Moreover, the ex-CEO of Binance stressed Bitcoin’s upward price trajectory to unique ATH by repeating the word “again” three times.