Binance CEO Richard Teng said the recent drop in Bitcoin’s price is “in line with most asset classes” — attributing it to investor deleveraging and broad market risk-aversion.

He also reassured that though founder Changpeng Zhao remains a controlling shareholder, day-to-day operations are handled by a board with independent directors and an independent chairman.

Bitcoin ($BTC ) is down ~ 21% in November, sliding from its October all-time high around $126K amid broad market deleveraging.

#USStocksForecast2026 #BTC90kBreakingPoint

BTC

77,967.84

-1.03%

ETH

2,284

-3.85%

XRP

1.6019

-2.86%