**Although the Market is Down, CZ: Many Traders Still Hold Through Various Cycles**

The crypto market capitalization has plummeted to US$2.94 trillion or down 4.34% in the last 24 hours, according to CoinMarketCap, Tuesday (16/12). The current market conditions have caught the attention of Binance founder Changpeng Zhao (CZ), who believes investors should not panic excessively.

“If you have ever envied those who bought crypto at low prices and managed to hold through various cycles, now think about what they are doing in these moments,” CZ wrote on his X page.

In short, if we see that long-term Bitcoin holders are still holding, new investors should not feel worried, fearful, or greedy about the current price volatility.

*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*