Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Changpeng “CZ” Zhao, the co-founder and former CEO of the exchange Binance, said that he will stop announcing his crypto trades. CZ also talked about his own bad luck as a salesperson, despite being a billionaire founder.
Bad timing of the trade for CZ?
In a recent X postCZ joked about his personal terrible timing when buying cryptocurrencies. He said that he has a 100% history of being destroyed immediately after buying coins.
The co-founder of Binance cited cases in previous cycles, where he lost huge funds. CZ revealed that he bought Bitcoin (BTC) at an average of $600 per coin in 2014. Within a month of this purchase, Bitcoin fell to $200, marking about a 66% decrease in price.
A few years later, especially during the 2017 bull run, CZ bought Binance coin (BNB). He said that the price immediately fell 20-30% after the purchase and remained low for a few weeks.
In this current market cycle, CZ disclosed that it has added more to its position. Jokingly warned that the market could dump again, urging traders to remain cautious.
Considering the series of price crashes after its purchase, CZ now perceives itself as a “market jinx”.
He thinks his purchases are a super strong sell signal. As a result, CZ said that it will stop announcing its trade to accidentally prevent the market for everyone.
Meanwhile, CZ revealed earlier this year that he did not trade much despite being a market player for years.
Current state of the crypto market
The crypto market is currently experiencing volatility and is losing its voice to bearish momentum. The Fear & Greed Index shows Fear at 27 as investors show a lack of confidence in the market.
Over the past 24 hours, the largest cryptocurrency market has shed 3.5% of its value to $3.46 trillion.
You may also like it
Bitcoin (BTC), the market’s main currency, sank 2.9% to trade at $104,368. Similarly, Ethereum (ETH) and other top altcoins, such as BNB, Solana (SOL) and XRP, follow the downward trend.
In particular, the decrease in the prices of BTC and ETH is closely related to the persistent flows in the market of exchange-traded funds (ETF).
According to Farside Investors data, Bitcoin ETFs they have recorded four consecutive days of flows since October 29, 2025.
In a similar move, The Ethereum ETF saw outflows reaching $135.7 million on November 3, 2025. BlackRock’s ETHA led the outflows, reaching a total of $81.7 million.
