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‘Tactical Retreat, Not A Reversal’, New Binance CEO Shows Optimism Amid Market Turbulence

  • Bitcoin dropped below $88K, triggering over $1.5B in liquidations.
  • Binance CEO Richard Teng downplayed the crash, calling it a “tactical retreat,” citing historical resilience and ongoing institutional interest in crypto.
  • Bitcoin ETFs have amassed $39.03B but saw outflows of $539M on Feb 24 and $366M on Feb 25.
  • Ethereum ETFs, which have gathered US$3.08B (AU$4.8B), are also under pressure, reflecting uncertainty among institutional investors regarding their crypto exposure.

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