CZ: Bitcoin Shows Resilience Amid Traditional Financial Market Plunge

Shenchao TechFlow reported on October 30 that crypto analyst The DeFi Investor (@TheDeFinvestor) said if someone told him the world's largest centralized exchange had been hacked and suffered losses of more than $6 billion, he would have expected BTC's price to fall sharply, but BTC only dropped about 3% that day, suggesting the market bottom may already be near.

CZ (@cz_binance) later responded that traditional financial markets fell more than the crypto market that day. In the past, when traditional markets declined, investors often sold assets to hold cash, dragging down the crypto market, so Bitcoin showed stronger resilience this time.

Source: Shenchao TechFlow