Jakarta, Pintu News – Bitcoin (BTC) prices have continued to set new records in recent months. However, according to Binance founder Changpeng Zhao (CZ), this price surge indicates that the market is in an accumulation phase, not the peak of a bullish cycle that investors usually expect. CZ’s remarks sparked widespread discussion among cryptocurrency market participants, especially regarding the opportunities and risks that may occur in the near future.
In several interviews and public statements, CZ has cautioned the crypto community against being too euphoric about the record Bitcoin price, which is now above $60,000 (around Rp976 million at an exchange rate of 1 USD = Rp16,287). According to him, although the price has surged, the current phase is more appropriately referred to as a period of accumulation, where investors tend to buy Bitcoin gradually, utilizing each price correction or “dip” as an entry opportunity.
CZ emphasized that “there will be more price declines ahead.” He advised investors not to be tempted to chase the highest prices, but to be patient and disciplined in making gradual purchases, or dollar cost averaging (DCA), to maximize long-term profit potential. He also emphasized the importance of risk management in the face of high volatility in the crypto market.
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CZ’s statement about the accumulation phase does not come without reason. A number of on-chain indicators show that institutional investors and whales are still adding to their Bitcoin holdings, despite the significant price increase. Moreover, demand from Bitcoin ETFs in the US also continues to grow, driving the narrative that the market is still in an asset accumulation phase before heading to the next peak.
On the other hand, overly bullish sentiment is often followed by sharp price corrections. CZ reminds us that volatility is part and parcel of the cryptocurrency ecosystem. He advises market participants to stay alert to the possibility of sudden dips that could be used as additional accumulation opportunities, not as a reason to panic and exit the market.
For crypto investors in Indonesia, CZ’s statement is an alarm to keep managing expectations and risks. With Bitcoin prices currently above Rp976 million per coin, the potential for profit is great, but the risk of correction is also real. The accumulation phase that CZ refers to can be interpreted as an opportunity to build a portfolio gradually, not by buying large amounts at peak prices.
The dollar cost averaging strategy is becoming increasingly relevant in this context, as it can help reduce volatility risk. Investors are advised to do their own research, understand global macroeconomic conditions, and keep up with regulatory developments that could significantly affect the crypto market.
CZ’s statement about the accumulation phase amidst Bitcoin’s record prices is a reminder that the crypto market journey is still long and full of challenges. Investors are expected to remain rational, disciplined, and not easily trapped in short-term euphoria. With the right approach, the accumulation phase can be a strong foundation for future gains.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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