PANews reported on February 26 that Binance CEO Richard Teng said in a statement that recent market fluctuations should be viewed as a "tactical pullback" rather than a structural recession in the crypto market. He emphasized that the crypto market has experienced macroeconomic shocks and rebounded strongly many times in history. For example, in 2022, Bitcoin briefly fell below $20,000 due to the Fed's interest rate hike, but quickly recovered as the market stabilized.

Teng pointed out that institutional investor interest is still rising, ETF funds continue to flow in, and Binance is also growing steadily. He believes that the Fed's suspension of interest rate cuts is a key factor in the recent market adjustment. Although the possibility of a rate cut in March has decreased, future policies will still depend on inflation and employment data.

He said that market pullbacks are often opportunities for veteran investors to position themselves for the next up cycle. The crypto market has become part of the global financial system and has proven its resilience in dealing with macroeconomic fluctuations.