With the Bitcoin price down 22% from its all-time high, there is intense speculation regarding whether the crypto bull market is over.
Binance co-founder and ex-CEO Changpeng “CZ” Zhou has now given his take on the debate.
CZ believes this correction aligns with typical bull market retracements rather than the end of the bull market.
CZ Believes The Bull Market Isn’t Over
The Binance co-founder responded to a post on X from influencer Miles Deutscher, which claimed that Bitcoin’s price action is de-correlating from its trajectory in previous cycles.
CZ shared a modified version of the chart, marking significant mid-cycle dips in previous bull runs.
His reply implies that the current correction may be a temporary setback rather than the end of the bull market. If his projection is accurate, a parabolic Bitcoin rally could be next.
In another post, CZ claims that dips are a part of free markets. He advised investors to reduce the size of their positions if they are worried about the current bearishness.
On the contrary, Zhou argues that Bitcoin is not just another investment but a key part of a “worldview shift” for him.
In yet another post, CZ reaffirmed his confidence in Bitcoin’s long-term growth trajectory, humorously remarking, “Waiting for the new headline: #Bitcoin ‘CRASHES’ from $1,001,000 to $985,000. Save the tweet.”
This is an extension of his December 2020 post, where he accurately projected that Bitcoin would eventually correct from $101,000 to $85,000.
How High Can Bitcoin Go In 2025?
Zhou’s comments align with key indicators that also suggest that the crypto bull market isn’t over.
In particular, the Global M2 money supply, which has a strong correlation with BTC, indicates that the Bitcoin price will likely bottom at $74k – $75k. Furthermore, prominent macroecnomists like GMI’s Julien Bittel claim that the Global M2 could expand by nearly $4 trillion by the end of Donald Trump’s second term.
If true, this could push the Bitcoin price to $150k by the end of 2025 or 2026 Q1.
Smart Money Investors Are Buying The Dip
Smart money investors are already buying the BTC dip, preparing for the possibility that the Bitcoin price doesn’t dip to the $74k-$75k region, leaving many sidelined.
The Solana ecosystem is also showing strength. SOL and Dogwifhat are up by 8% and 10%, respectively, over the past 24 hours.
A new Solana meme coin, Solaxy (SOLX), is also in high demand and has raised nearly $24 million in its ICO.
SOLX had caught the attention of whales from the very start of its presale, with many early buyers investing six figures in the meme coin.
Smart money investors are impressed with the project’s long-term viability, a rarity in the Solana meme coin ecosystem. After all, Solaxy is the first prominent Solana layer-2 chain designed to tackle the heavy network congestion that SOL experiences during periods of heavy traffic.
Armed with zero-knowledge proofs, a deterministic sequencer and data availability tools like Celestia, Solaxy promises zero downtime, exponential scalability and fast and cheap transactions on both chains.
With a current valuation of just $24 million, it isn’t a surprise that investors believe SOLX is highly undervalued. Several of the early buyers are viewing it as the next 100x crypto.
Visit Solaxy Presale
Source: https://en.cryptonomist.ch/2025/03/01/is-the-crypto-bull-run-over-binances-cz-predicts-next-price-action/