Binance CEO Richard Teng shared his views on the recent market turbulence on platform X. He stated that the current market fluctuations should be regarded as a tactical retreat rather than a long-term reversal. He further explained that while price volatility often masks the true dynamics behind the market, the core drivers of cryptocurrency growth remain solid. Richard Teng emphasized that institutional investment interest continues to rise, ETF inflows remain strong, and new applications are constantly being submitted. At the same time, Binance is also continuing to see stable growth in new users.
Additionally, Richard Teng mentioned that the recent market decline is primarily influenced by the Federal Reserve's cautious stance on interest rate cuts. However, if inflation trends decline or the job market slows, the Federal Reserve may quickly change its policy position.