Cathie Wooden and Changpeng Zhao just lately mentioned Bitcoin, market cycles, and the October 11 crypto flash crash throughout a podcast dialog that rapidly gained consideration throughout the crypto group.
For the unversed, the October 10–11, 2025 flash crash was one of many largest sell-offs crypto had ever seen, wiping out greater than $19.5 billion in leveraged positions inside 24 hours. The panic started after President Trump proposed 100% tariffs on Chinese language imports.
Since then, many theories have blamed Binance for the brutal crash. $BTC at the moment was at its highest peak of $125,000, dropping to $101,000 inside hours. Since then, $BTC failed to succeed in the ATH once more.
In the course of the podcast dialogue, Cathie Wooden clarified that Binance was not chargeable for triggering the sharp market collapse that occurred through the October 11 crash.
Cathie Wooden Clears Binance’s Title
Wooden defined that whereas there was a software program glitch through the occasion, Binance itself didn’t trigger the market-wide drop.
“We all know there was a software program glitch, however Binance didn’t set off the flash crash,” she mentioned, including that broader tariff-related panic and intensely nervous market circumstances possible worsened the selloff.
Changpeng Zhao responded by thanking her for the clarification, revealing that her earlier feedback had been closely circulated in Chinese language media, the place many interpreted the crash as Binance’s fault.
“That assertion was extensively quoted by the media,” Zhao mentioned. “Many individuals mentioned Binance brought on the collapse. I’m glad you’re clearing this up now.”
Wooden additionally admitted she was unaware her earlier feedback had been taken out of context so extensively.
CZ Shares Bullish Bitcoin Outlook
The dialog later shifted towards Bitcoin’s future and whether or not the standard four-year crypto cycle continues to be enjoying out.
Zhao acknowledged that Bitcoin has seen weak spot getting into 2026 after the sturdy 2025 rally, however mentioned a number of main macro components might assist velocity up the restoration this time.
In accordance with Zhao, enhancing inventory market circumstances underneath President Donald Trump’s administration might positively affect crypto markets as properly.
“When inventory markets do properly, individuals have extra free money, and so they diversify into crypto,” he defined.
He additionally pointed to rising geopolitical tensions and rising curiosity in gold as alerts that Bitcoin might stay lively in its place asset.
Bitcoin Restoration May Arrive Quicker
Regardless of current volatility, Zhao mentioned Bitcoin holding above earlier main assist ranges stays encouraging. He added that the present correction could recuperate quicker than earlier bear market cycles.
“I’m hoping the worst half is over,” Zhao mentioned, whereas noting that his feedback had been “not monetary recommendation.”
Wooden additionally backed Bitcoin’s long-term outlook, noting that institutional traders are more and more stepping in throughout corrections. She mentioned many establishments had been ready for a pullback tied to the standard four-year cycle earlier than rising publicity.
The dialogue comes as Bitcoin continues making an attempt to regain momentum after current market turbulence, with traders carefully watching whether or not the following main rally is starting to kind.
