Bitcoin market crash fall wasn’t unique to crypto: Binance CEO

The U.S. Securities and Exchange Commission (SEC) has expressed support for the evolution of cryptocurrency, positioning market forces as the ultimate judge of value. This positive sentiment reflects a shift towards recognizing the role of digital assets in the financial landscape, suggesting a more open regulatory approach to cryptocurrencies.

Glassnode co-founders Jan Happel and Yann Allemann assert that the current cryptocurrency crash is driven by a singular source of sell pressure, primarily affecting Bitcoin. They argue that this situation reflects a mechanical unwind rather than a narrative shift in the market. Their analysis indicates that the sell-off is not a natural market response but rather a forced exit by a participant, as evidenced by unusual momentum indicators.

Analysts have observed a 15% surge in XRP's price, attributed to the reappearance of a key metric that has historically indicated short-term rebounds. Crypto expert Dom noted that this pattern has consistently led to price recoveries of at least 10%. Despite recent volatility in the broader cryptocurrency market, XRP has shown resilience, maintaining trading levels above $2.

Asia's crypto media landscape is undergoing significant changes, with a notable concentration of traffic among fewer than 20 leading outlets. In the second quarter of 2025, 82% of all crypto-native traffic in the region was directed towards these tier-1 publishers, indicating a shift in how audiences consume crypto news and information.

Bitcoin has entered a significant bearish phase, with prices dropping from over $126,000 to approximately $83,790, marking a 34% decline and erasing around $715 billion in market value. CryptoQuant's Bull Score Index has fallen to 20 out of 100, indicating weak buying momentum and reduced liquidity. The cryptocurrency closed below its 365-day moving average, suggesting a more bearish market than previous corrections.

Binance CEO Richard Teng stated that Bitcoin's recent decline of 35% reflects a broader trend of risk-off deleveraging. He emphasized that Bitcoin's volatility is consistent with major asset classes, indicating that the cryptocurrency market is experiencing similar fluctuations as traditional financial markets.

Binance CEO Richard Teng stated that the recent decline in Bitcoin's value, which has dropped by 35%, reflects a broader risk-off deleveraging trend. He noted that Bitcoin's volatility aligns with that of major asset classes, indicating that the cryptocurrency is experiencing similar market pressures.

CryptoQuant has reported that recent Bitcoin market downturns have been primarily driven by selling from US investors. The analysis highlights the 'Coinbase Premium Gap,' which indicates that Bitcoin is trading at lower prices on Coinbase compared to Binance, suggesting a significant selloff by American investors, particularly institutional ones.