Binance Founder CZ Advocates Steadfastness as Bitcoin Soars Beyond $100K
In a landmark moment for the cryptocurrency market, Bitcoin (BTC) has surged past the $100,000 threshold, reaching $101,316.38 amid a 5.52% daily gain. Binance founder Changpeng Zhao (CZ) urged investors to remain calm and avoid panic selling, emphasizing the resilience of long-term holders. This milestone has reignited bullish sentiment, with over three million BTC coins returning to profitability. Coinglass data underscores the strength of market participants committed to holding through volatility, marking a significant psychological victory for the crypto ecosystem.
CZ Urges Bitcoin Investors to Stay Calm as BTC Surges Past $100K
Binance founder Changpeng Zhao advised Bitcoin holders to avoid panic selling as the cryptocurrency breached the $100,000 threshold. His remarks coincided with a 5.52% daily surge, pushing BTC to $101,316.38—a move that returned over three million coins to profitability.
Market resilience appears strongest among long-term holders, according to Coinglass data. The milestone reignites bullish sentiment after weeks of sideways trading, validating the strategy of emotional discipline during volatility.
Binance Wallet Activity Fuels Speculation Over Potential Pi Coin Listing
Rumors of a Pi Network integration with Binance gained traction this week after blockchain monitors detected fresh activity in a wallet linked to the exchange’s stellar deposits. The same address had previously processed Pi Coin transactions, prompting speculation that Binance may be testing infrastructure for a future $PI listing.
While no official announcement has been made, the timing of small test transactions through the identified wallet has ignited community discussion. Market observers note such technical preparations often precede exchange listings, though Binance has yet to confirm any plans regarding the mineable cryptocurrency.
BNB Price Targets $650 Amid Renewed Market Optimism
BNB shows resilience above $605 support, with bullish momentum building toward $650. The token’s current consolidation near $612 sets the stage for potential upside, mirroring broader market trends seen in bitcoin and Ethereum.
A developing trend line at $622 provides technical reinforcement, while the 100-hour moving average underscores near-term strength. Market participants watch the 23.6% Fibonacci level as traders position for the next leg up.
Biggest Wipe-Out Since 2021: 190,000 Traders Liquidated as BTC Hits $100,000
Bitcoin’s surge to $100,000 triggered the largest liquidation event since 2021, with 190,000 traders wiped out and losses nearing $1 billion. Short positions bore the brunt, accounting for $836 million of the total. Data from CoinGlass suggests the actual figures may be higher, as Binance’s full liquidation data remains undisclosed.
The derivatives market shows escalating heat, with analysts warning of potential cascading liquidations. While shorts have been decimated, fresh risks emerge as Leveraged longs now dominate the market structure. The scale of this event underscores the volatility inherent in crypto’s price discovery phase.
Binance Wallet’s Daily Volume Soars 538% to Record $574 Million
Binance Wallet has cemented its dominance in the crypto wallet sector with an unprecedented surge in trading activity. Daily volume reached $574 million on May 8, 2025—a 538% increase since March—capturing 82.1% of total market share. The platform now processes over four-fifths of all wallet transactions.
The staggering growth underscores Binance’s tightening grip on retail and institutional flows. Unlike exchange-specific metrics, wallet volume reflects broader asset movement, suggesting deepening user engagement. ’When wallets speak, markets listen,’ remarked a Satoshi Club analyst, noting the data’s significance as a liquidity barometer.
Ethereum Surges Past $1,900 Amid Institutional Buying Signals
Ethereum has broken through the $1,900 barrier, fueled by a 6.4% weekly gain and a 6.7% daily increase to trade at $1,989. The rally aligns with a broader cryptocurrency market recovery, marked by significant on-chain activity suggesting institutional accumulation.
CryptoQuant analysts highlight exchange outflows and stablecoin minting as key drivers. Over 85,000 ETH were withdrawn from Binance in a concentrated move, while large stablecoin issuances indicate fresh capital entering the market. These dynamics point to growing institutional participation in Ethereum’s liquidity ecosystem.
