CZ: Bitcoin Shows Resilience Amid Traditional Financial Market Crash

According to TechFlow, on October 30, crypto analyst The DeFi Investor (@TheDeFinvestor) stated that if someone told him the world's largest centralized exchange had been hacked with losses exceeding $6 billion, he would expect BTC's price to drop significantly. However, BTC only fell about 3% that day, suggesting the market bottom may be nearing.

CZ (@cz_binance) subsequently responded that traditional financial markets fell more than the crypto market that day. Historically, when traditional financial markets decline, investors tend to sell assets to hold cash, which in turn drags down the crypto market. Therefore, Bitcoin demonstrated strong resilience this time.