Bitcoin’s price dropped to $89,280 on Monday, its lowest point since mid-November. This decline comes as many other assets have also struggled in recent weeks. Even with the sharp price drop, Binance co-founder Changpeng Zhao is subtly encouraging crypto users to see this as a chance to buy.
CZ’s Message: Today Is Earlier Than Tomorrow
In his tweet, Zhao reflects on common regrets voiced by many in the crypto space, such as wishing they had bought Bitcoin during its early days, missing out on dips, or selling too soon.
He pointed out that many have struggled with ignoring fear, uncertainty, and doubt (FUD) but urged people to stay committed to holding Bitcoin instead of selling it during tough market times.
Zhao concludes his tweet with a powerful statement: “Today is earlier than all the days to come.” This simple yet impactful phrase carries a clear message, there’s no better time to act than right now.
Although Bitcoin has experienced significant price surges over the years, the sentiment is that opportunities are still available. With Bitcoin’s price currently down by 15% from its all-time high of $108,000, those willing to make a move now could still find valuable prospects ahead.
Bitcoin Price Analysis
As of now, Bitcoin’s (BTC) price is trading at $94,889, showing a slight recovery after experiencing a dip. Over the past 24 hours, the cryptocurrency has gained around 1.5%, with its market cap hitting $1.87 trillion.
However, Bitcoin ETFs saw substantial outflows on Monday, with a total of $284 million being withdrawn. Fidelity was the biggest contributor, selling $113 million worth of Bitcoin ETFs.
Additionally, Ark and 21Shares combined for $92 million in sales. These withdrawals have raised concerns about potential price pressure on Bitcoin in the short term
