BTC Hits $111K; CZ Pities Those Who Sold Under $77K
Bitcoin recently passed $111,000, drawing attention across the crypto space. Former Binance CEO Changpeng Zhao (CZ) reacted to the surge by expressing sympathy for those who sold their Bitcoin below $77,000. His comments followed the price jump, which sparked fresh conversation within the community.
In Brief
- CZ feels sorry for those who sold BTC at $77,000.
- El Salvador’s Bitcoin holdings gained 132% unrealized profit.
- Analysts forecast Bitcoin could surpass $250,000 by 2025.
Binance Founder Reflects on Missed Gains as Bitcoin Hits New High
Zhao, who is known for his long-term approach, said he feels bad for anyone who exited their Bitcoin positions before the $100,000 mark, especially those who sold around $77,000. He noted that traders should check the yearly chart once in a while, suggesting that short-term thinking often leads to regret — especially now that the likelihood of seeing $100,000 is fading.
His comments follow Bitcoin’s strong rally, which has pushed its market cap to $2.2 trillion, making it the fifth-largest asset in the world—surpassing Amazon.
Zhao has shared in the past that he entered the Bitcoin market when it was already trading around $600. Despite not being an early adopter, he has held firm to a strategy focused on long-term impact rather than short-term gains. He has also made it clear that he doesn’t chase new coins, choosing instead to hold BTC and BNB.
His message echoed that of another Bitcoin believer, Michael Saylor. The former CEO of MicroStrategy stated on his X page that no one loses money by buying Bitcoin. According to data shared by analyst Crypto Rover, Saylor’s strategy has worked. His company now sits on an unrealized profit of $22.7 billion from its Bitcoin holdings.
Profits Mount for Whales and Nations
While some may regret exiting early, others are enjoying significant gains. Bitcoin whale James Wynn is now sitting on an unrealized profit of over $39 million from a highly leveraged position worth $1.14 billion. The jump in price has worked in his favor, especially with a 40x long position.
El Salvador is also benefiting. The country’s Bitcoin portfolio, shared by President Nayib Bukele, shows a total value of $677 million. The government initially invested around $291 million. The current unrealized profit sits at $386 million, a 132% increase. Notably, the country hasn’t sold any of its holdings, proving it remains committed to Bitcoin as a long-term asset.
The mood in the market reflects this optimism. The Bitcoin Fear and Greed Index now reads 72. This shows strong greed, meaning people are excited and don’t want to miss out. FOMO, or fear of missing out, often leads to more buying—and that could push prices even higher.
Rising Sentiment and Bullish Predictions
Analyst Ali Martinez pointed out key levels to watch next. As Bitcoin enters price discovery, the next major targets are $116,000, $126,000, $136,000, and $148,000. With no past resistance above the current level, the coin could continue climbing freely.
There are several reasons why Bitcoin is gaining strength. One key factor is the U.S. government’s announcement of a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This hints at a more supportive regulatory approach. It also confirms growing interest from governments and institutions.
Institutional adoption is also on the rise, while global market shifts, like the U.S.-China trade agreement, continue to create a more stable environment for risk assets like crypto.
With all these factors aligning, confidence in Bitcoin’s upward movement continues to grow. Analysts like Arthur Hayes have even forecast that the price of Bitcoin could rise above $250,000 by the end of 2025. Thus, if the current momentum continues, that could become a reality.
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Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.
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