#MarketPullback The Binance market pullback is a recent phenomenon, with the cryptocurrency market experiencing a broad pullback on December 23, featuring notable sector variations ¹. According to Binance CEO Richard Teng, the current decline is a "tactical retreat" rather than a fundamental trend change, citing the historical resilience of the sector ².

*Recent Market Trends:*

- _Bitcoin's Price Drop_: Bitcoin's price fell below $90,000, reaching $88,700, down 3.6% in the last 24 hours ².

- _Binance's Crypto Sales_: Binance's massive crypto sales, totaling between $4 billion and $4.3 billion, have sparked speculation about the exchange paying its DOJ fine ³.

- _Sector Variations_: The AI and PayFi sectors saw significant declines, while the SocialFi and DeFi sectors exhibited resilience, with certain tokens posting gains ¹.

*Expert Insights:*

- Richard Teng, Binance CEO, believes the current decline is a tactical retreat, not a reversal, and that cryptocurrencies have historically bounced back stronger ².

- Analysts consider Binance's recent sell-off one of the main reasons for the crypto market's pullback after the January rally ³.