Earlier today, Changpeng Zhao (CZ), the founder of Binance, tweeted:

“Depending on perspective, not sure if this is good or bad ‘news’. Are we done? We are still here. And WAGMI.”

The acronym “WAGMI” stands for “We Are All Gonna Make It,” a phrase commonly used in the cryptocurrency community to express optimism and solidarity.

CZ’s message seems to reflect on the resilience of the crypto community amidst market fluctuations, suggesting that despite challenges, the community remains steadfast and optimistic about the future.

Whether this is perceived as good or bad news depends on individual perspectives. Some may view it as a reaffirmation of the community’s strength, while others might see it as a reminder of the inherent volatility in the crypto market.