Binance Founder CZ Predicts ‘Many ATHs’ as Bitcoin Price Suddenly Goes Parabolic

Bitcoin’s afternoon surge toward the $88,000 mark provided the ideal backdrop for an unexpected message from Binance founder Changpeng Zhao, or as he is better known online, CZ. In a cryptic post, CZ claimed that “many more ATHs” are on the horizon, although he does not know exactly when. 

While the post was a reaction to Trust Wallet launching its own prediction market, for market participants, this was a clear hint. It perfectly accompanied Bitcoin’s price explosion.

The market was already recovering from a dip in the mid-$87,000 range, a turnaround that occurred just as short-term liquidations mounted across major pairs. The one-hour heatmap shows BTC clearing $14.5 million in wiped positioning, almost all of which came from shorts. 

Those monitoring the intraday chart saw Bitcoin swing from $86,800 to above $88,700 within a short period, enough to trigger a wave of forced exits, but not enough to reset the broader trend. 

Bears take hit

What gave the jump extra weight was CZ’s decision to link it to a long-term cycle view rather than to any token-specific catalyst. His comment comes at a time when derivatives desks are reporting uneven positioning, and today’s data confirms this: long-side pressure remained mild, while short exposure accounted for most of the damage.

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The focus of speculation now shifts to whether BTC can convert this rebound into the type of continuation that aligns with CZ’s prediction. 

For now, the situation is as follows: dips continue to produce liquidations, rebounds remain quick and the market reacts rapidly to any indication from the sector’s leading figures.