Binance CEO Richard Teng has challenged the notion of Bitcoin’s extreme volatility, arguing that its price swings align with those of established asset classes like stocks during market cycles. His statement follows a recent decline in Bitcoin’s price, linked to investor risk aversion and deleveraging, reminiscent of historical patterns observed across traditional financial markets. Despite the dip, which has brought the crypto market down nearly 35% from its peak, Teng highlights that Bitcoin remains more than double its value from 2024. He emphasizes the healthy trend of a market pause for consolidation to allow Bitcoin to stabilize and find its footing in the evolving landscape.