Binance Leaders and Industry Experts See Bitcoin Dip as Temporary Correction

Despite Bitcoin's recent drop to June lows causing concern among retail investors, prominent figures in the cryptocurrency space, including Binance founder Changpeng Zhao (CZ) and Bitwise executives Hunter Horsley and Matt Hougan, remain optimistic. They view the current downturn as a temporary correction rather than the start of a prolonged bear market. Institutional indicators suggest that the market may be nearing its bottom, reinforcing their bullish stance. Hougan highlighted the dichotomy in market perceptions, calling it "almost a tale of two markets" during a CNBC Crypto interview. This perspective underscores the confidence of industry leaders in Bitcoin's resilience and long-term growth potential.

Crypto Leaders Dismiss Bitcoin Bear Market Fears as Temporary Pullback

Bitcoin's recent dip to June lows has sparked concern among retail investors, but industry heavyweights remain unfazed. Binance founder Changpeng Zhao (CZ) and Bitwise executives Hunter Horsley and Matt Hougan view the downturn as a routine correction rather than a prolonged bear phase. Institutional signals suggest the market may be bottoming.

"It's almost a tale of two markets," Hougan remarked during a CNBC Crypto World appearance. While retail traders face Leveraged liquidations and despair, institutional participation continues growing through Bitcoin ETF adoption and Wall Street support. Hougan speculates BTC could challenge all-time highs by year-end.

The divergence between retail panic and institutional accumulation highlights crypto's maturation. Bitwise's leadership emphasizes structural tailwinds - from regulated investment products to corporate treasury adoption - that dwarf short-term price fluctuations. This institutional foundation appears poised to drive the next leg of market growth.

BlackRock's BUIDL Fund Now Accepted as Collateral on Binance

BlackRock's $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) has been approved as collateral for off-exchange trades on Binance, joining an exclusive group of three tokenized assets with this privilege. The fund will also launch a new share class on BNB Chain, further integrating BlackRock's offerings with Binance's ecosystem.

Tokenized money-market funds like BUIDL represent a paradigm shift in crypto trading collateral. Unlike traditional stablecoins such as USDC or USDT, these instruments provide exposure to real-world yields while maintaining crypto market liquidity. This development signals growing institutional acceptance of blockchain-based financial products.

As the largest tokenized fund of its kind according to RWA.xyz data, BUIDL's collateral acceptance marks a significant step toward bridging traditional finance with digital asset markets. The Securitize-managed fund, launched last year on a public blockchain for qualified investors, now stands to reshape liquidity dynamics across crypto trading platforms.