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Magyar23 Oct 2026
Binance founder Changpeng Zhao said on Friday that every time people declared Bitcoin dead in the past, it turned out to be the best time to buy. His comment lands as BTC holds just above $81,000 after heavy ETF outflows, with the $80,000 level and next week's Fed decision in focus.
Binance founder Changpeng “CZ” Zhao weighed in on Bitcoin sentiment on Friday, saying that every time people declared Bitcoin “dead” in the past, it was the best time to buy. The remark was shared by Watcher.Guru and comes during a nervous week for the market.
The context: a shaky week for BTC
Bitcoin traded around $81,800 on Friday, down about 0.8% over 24 hours, according to Yahoo Finance. Buyers defended the $81,000 area twice in two days, with lows near $80,940 on Thursday and $81,118 on Friday.
Demand from US spot Bitcoin ETFs turned sharply on Thursday. TradingView News reported $635.6 million in net outflows that day, led by BlackRock’s IBIT, Fidelity’s FBTC and Ark’s ARKB. That wiped out a large part of the roughly $1.075 billion that came in from Monday to Wednesday.
Macro pressure is also heavy. Brent crude has been trading above $110 a barrel, and traders are watching the Federal Reserve decision on October 28.
Why CZ’s comment resonates
CZ’s point is about crowd psychology: when headlines call an asset finished, a lot of the selling has often already happened. He did not give a price target or a timeline, and the comment is an opinion, not a forecast.
It was not his only post of the week. On Friday he also argued that fears of AI breaking Bitcoin’s cryptography are misplaced, while warning that AI is making phishing and social engineering more dangerous for regular users.
Levels traders are watching
- Support: $80,000 is the key line. Analysts cited by Investing.com note that a daily close below it would put average ETF and corporate holders back at a loss, with about $77,600 as the next area of interest.
- Resistance: about $82,000 first, then the $85,000 to $87,500 zone, where large short liquidation clusters and spot sell orders sit.
What it means for traders
- Sentiment is not a signal on its own. “Dead” headlines have marked bottoms before, but past patterns do not guarantee the next one. Pair sentiment with levels like $80,000 and with ETF flow data.
- Scale in instead of going all in. If you agree with CZ’s view, buying in smaller pieces over time limits the damage if $80,000 breaks.
- Watch leverage into the Fed. Liquidations can make moves sharper in both directions around big macro events, so size positions carefully.
- Use a venue you trust. Fees and liquidity matter most when markets are jumpy. See how BingX, OKX and Binance stack up in our exchange comparison, and read how we test.
Related reviews
Sources
- Watcher.Guru: Binance Founder CZ says every time people declared Bitcoin "dead" in the past, it was the best time to buy.
- Yahoo Finance: CZ Says AI Won't Break Bitcoin, but Leaked Data Will Hurt Its Users
- TradingView News: Bitcoin Steadies Below $82,000 as ETF Flows Reverse Sharply
- Investing.com: Bitcoin Holds $80K - What Could Spark a Breakout?
News is for information only and is not financial advice. More crypto news
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