Binance Founder CZ Downplays Bitcoin’s $123K ATH as ’Just a Fraction’ of Its Potential

Bitcoin has reached a historic all-time high of $123,091, igniting bullish momentum across crypto markets. Former Binance CEO Changpeng Zhao (CZ) remarked that this milestone is merely "just a fraction" of Bitcoin's long-term potential, drawing parallels to its $1,000 price in 2017, which now represents less than 1% of its current value. The rally also triggered $1.3 billion in short position liquidations, underscoring the market's volatility and the growing confidence in Bitcoin's upward trajectory. As the cryptocurrency continues to break barriers, investors are left wondering whether now is the opportune moment to buy into the digital asset's unprecedented growth.

Bitcoin Breaks $123K ATH, CZ Calls It ‘Just a Fraction’ – Is Now a Good Time to Buy?

Bitcoin has surged to a historic all-time high of $123,091, eclipsing previous records and sparking renewed bullish sentiment across crypto markets. Former Binance CEO Changpeng Zhao (CZ) downplayed the milestone as "just a fraction" of Bitcoin's long-term potential, recalling how its $1,000 price in 2017 now represents less than 1% of current valuations.

The rally liquidated $1.3 billion in short positions within minutes as Bitcoin vaulted past $120,000. With a $2.39 trillion market capitalization, Bitcoin now surpasses Amazon as the world’s fifth-largest asset. The Trump administration’s tariff policies and legislative moves have coincided with a $1.2 trillion expansion in crypto market cap since April.

Massive TRUMP Token Unlock Sparks Market Concerns

A significant token unlock for TRUMP, amounting to 45% of its total supply, has raised fears of a potential sell-off. Scheduled for July 18, 2025, the unlock is valued at approximately $959.12 million—nearly five times the average monthly unlock of $209.6 million. Investors worry this influx could crash the token's price, which has already declined 85% from its all-time high.

Whale activity suggests early selling, with MemeCore transferring 1.391 million TRUMP ($13.35 million) to Binance. Analysts warn the market's recent recovery may obscure the event's impact, though bearish sentiment dominates. Similar concerns surround Pi Network (PI), which recently saw heavy selling after hitting record lows.

TRUMP ranks among the week's largest unlocks, with Tokenomist data highlighting its outsized scale. "Volatility incoming," remarked one observer, noting the $520 million worth of tokens poised to hit trading venues.

BNB 8th Anniversary: How $100 Turned Into $1 Million in 8 Years

BNB, the native token of Binance, marks its eighth anniversary with a staggering growth trajectory. What began as a simple utility token for fee discounts has evolved into a cornerstone of the crypto ecosystem, delivering life-changing returns for early investors.

The token's journey mirrors the explosive growth of the broader digital asset market, with Binance cementing its position as a global exchange leader. BNB's utility expansion across decentralized applications and blockchain infrastructure has fueled its sustained appreciation.

Bhutan Accelerates Bitcoin Sales Amid Market Highs

The Royal Government of Bhutan has offloaded 512.84 BTC worth $59.4 million in a series of transactions to Binance between July 10 and July 14. The sales, executed through its sovereign investment arm, included a single transfer of 208.56 BTC ($23.18 million) alongside smaller tranches.

Despite the divestment, Bhutan remains one of the world's largest sovereign Bitcoin holders with 11,411 BTC ($1.4 billion) still in reserve. Arkham Intelligence data shows the nation's crypto treasury grew 3.9% to $1.37 billion last week, likely buoyed by Bitcoin's 12.4% price surge.

Binance Wallet TGE Kicks Off With Four.Meme: All You Need To Know

Binance Wallet's Token Generation Event (TGE) launches with a novel bonding curve model, debuting in partnership with Four.meme. The first project reveal is slated for July 15 via Binance Wallet's official X account.

This initiative departs from conventional fixed-price TGEs, implementing real-time, demand-driven token pricing. Participants can acquire tokens using BNB, with prices dynamically adjusting along a predefined curve based on purchase volume. Increased participation drives price escalation, ensuring a transparent and market-responsive distribution mechanism.

Changpeng Zhao Reflects on Bitcoin’s Early Milestone as Price Surpasses $121,000

Bitcoin surged past $121,000, marking a 3.36% gain in 24 hours as trading volume spiked 153%. The rally underscores robust market participation, fueled by institutional inflows and shifting U.S. crypto policies.

Binance founder Changpeng Zhao reminisced about Bitcoin's 2017 peak of $1,000—now less than 1% of its current value—highlighting the asset's exponential growth. "Today's all-time high will seem trivial in hindsight," he noted on X, drawing parallels to past cycles.

The cryptocurrency briefly touched $122,500 before a slight retracement, with its market cap reaching $2.42 trillion. Analysts attribute the momentum to macro tailwinds and renewed institutional interest.