Binance CEO Richard Teng on Crypto Market Volatility

Binance首席執行官Richard Teng在加密貨幣市場上波動

Binance CEO Richard Teng believes that market volatility will diminish as the crypto market matures and projects expand. Teng, who replaced Binance founder Changpeng Zhao as CEO, urges crypto users to remain resilient during periods of volatility and focus on developing skills.

Binance首席執行官Richard Teng認為，隨著加密市場的成熟和項目的擴展，市場波動將降低。 Teng取代了Binance創始人Changpeng Zhao擔任首席執行官，他敦促加密使用者在波動期間保持韌性，並專注於發展技能。

Market Downturn and Liquidations

市場低迷和清算

Recent market volatility and mass liquidations have caused a sharp decline in cryptocurrency prices, with the total digital asset market cap dropping by 6.5%. Major cryptocurrencies like Bitcoin, Ethereum, and Ripple's XRP have lost significant value.

最近的市場波動和大規模清算導致加密貨幣價格急劇下降，總數字資產市值下降了6.5％。比特幣，以太坊和Ripple的XRP等主要加密貨幣失去了顯著價值。

Teng's Advice

Teng的建議

Teng offers three pieces of advice:

Teng提供了三個建議：

1. Volatility is Temporary: Market downturns are not uncommon and will pass.
2. Upskill During Market Downtime: Use this period to enhance your knowledge and skills.
3. Prepare for Opportunities: Market volatility presents opportunities for those who are prepared.

Volatility and Market Maturity

波動性是暫時的：市場下滑並不少見，並且會通過。在市場停機期間，upkskill：使用此期間來增強您的知識和技能。

Teng believes that market volatility is linked to asset size and value. As digital assets gain wider acceptance and utility, volatility is likely to decrease.

Teng認為，市場波動與資產規模和價值有關。隨著數字資產獲得更廣泛的接受和效用，波動性可能會降低。

Largest Liquidation Event Since 2020

自2020年以來最大的清算活動

The market witnessed its largest single-day liquidation event since the 2020 COVID-19 correction and the FTX collapse on February 3. However, Bybit CEO Ben Zhou estimates that liquidations exceeded $8 billion, significantly higher than the reported $2 billion.

該市場見證了自2020年Covid-19校正以來最大的單日清算活動和2月3日的FTX崩潰。但是，Bybit CEO Ben Zhou估計清算超過80億美元，高於報告的20億美元。