Binance CEO Richard Teng recently addressed Bitcoin’s price volatility, describing the recent plunge as normal market behavior. He explained that these movements are driven by deleveraging, risk-off sentiment, and broader macro pressures. These factors are currently impacting both crypto and traditional markets. 🔥

$BTC has seen a significant drop of about 21% in November, which has drawn attention from investors. Despite this, Teng views the current phase as a "healthy consolidation." He suggests this period could lay a stronger foundation for future market developments. 🌱

Market observers note that such short-term fluctuations are characteristic of volatile assets. Bitcoin's long-term narrative often emphasizes its resilience and potential. Understanding these market dynamics is key for participants. 📊

Information is for market updates, not investment advice.

#Crypto #Bitcoin $TNSR, $ZEC.