Changpeng Zhao tweeted about Bitcoin’s performance on Binance in the last three months.
Zhao claimed that FUD is temporary but that he couldn’t teach people to ignore it without addressing it.
Forbes published an article stating that Binance lost $12 billion in just 60 days.
Leading cryptocurrency exchange Binance’s CEO Changpeng Zhao tweeted a picture of Bitcoin’s last three months’ performance metrics on the platform. The image highlighted that BTC’s price suddenly dropped $15,461 in December of last year with a very strong recovery in January 2023.
The tweet showed that Bitcoin recently experienced a rise in value worth up to $23,821, alongside a 24-hour low worth $22,338, while currently trading at $23,017. Moreover, BTC’s 24-hour volume on Binance stood at 201,027.
Zhao claimed that “FUD is temporary,” to which a SHIB supporter replied that FUD is temporary as long as it is not talked about. The Binance CEO then shared that it is not possible to teach users to ignore FUD without speaking about it.