Last updated on March 11th, 2026 at 03:12 pm
Quick Breakdown
- Binance CEO says Bitcoin’s volatility is comparable to major asset classes.
- Teng cites deleveraging and risk-off sentiment as drivers of BTC’s latest pullback.
- Bitcoin still trades more than double its 2024 levels despite recent volatility.
Binance CEO Richard Teng has pushed back against the long-held perception that Bitcoin is uniquely volatile, arguing that the asset’s recent price swings are consistent with patterns seen across major global markets. Speaking during a media roundtable in Sydney, Teng said all asset classes move through cycles marked by sharp shifts in sentiment, liquidity, and risk appetite.
Binance Chief Executive Richard Teng said on Friday bitcoin’s sharp drop in the past month was the result of investors deleveraging cryptocurrency holdings and risk aversion in line with that seen in most major asset classes. pic.twitter.com/ae2ICDiw3f
— kwetey..I.N.D.H (@Mr_Qweit) November 21, 2025
Market deleveraging behind bitcoin’s latest pullback
Teng linked Bitcoin’s recent decline to a broader wave of deleveraging and risk aversion among investors. According to Teng, traders reducing leveraged positions contributed significantly to the speed and intensity of the pullback, mirroring risk-off behaviour visible across equities, commodities, and other financial markets.
“At this point in time, there’s a bit of risk-off and deleveraging happening,”
he said, noting that the pressure was not exclusive to crypto markets. The correction, Teng emphasized, is that Bitcoin remains more than twice its 2024 trading levels, and the industry has posted strong performance over the past 18 months, prompting profit-taking from early entrants.
Teng described the latest consolidation as a healthy phase for the sector, allowing the market to “take a breather” after extended upward momentum.
Volatility debate continues despite industry optimism
While Teng framed Bitcoin’s movements as no more erratic than those in traditional markets, this claim counters the widely accepted narrative that crypto markets are materially more volatile. Data tracked throughout 2025 shows Bitcoin’s 60-day volatility fluctuating between brief troughs near 1% and peaks approaching 2.44%, levels that exceed most established asset classes.
Still, Teng maintained that the current environment reflects a maturing market rather than instability. He argued that as institutional adoption expands and liquidity deepens, Bitcoin’s long-term volatility profile will increasingly align with broader financial assets, even if short-term swings remain elevated.
Notably, Binance has announced full support for its transition into ELIZAOS, a next-generation token ecosystem built to power decentralized AI operations. The shift, part of the Alpha 2.0 platform upgrade, marks a significant step toward cross-chain interoperability and AI-driven blockchain functionality.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
