Changpeng Zhao, founder of Binance, stated on September 2 that speculative capital is returning to the crypto market after a prolonged period of intense interest in artificial intelligence. He describes this rotation as « hot money » and warns about the volatility of these flows, which he compares to « tourist money » shifting narratives based on prevailing trends. Glassnode has identified Bitcoin resistance levels between $83,000 and $86,000, while River Research projects price targets ranging from $250,000 to $840,000 over five years. CZ stepped down as Binance CEO in November 2023 as part of a settlement with US regulators before being pardoned by former President Trump in 2025. Binance now reports over 300 million users and cumulative trading volumes of $34 trillion.
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