BlockBeats News, February 3rd, CZ responded to some “quite imaginative” FUD over the past two days and clarified them one by one:
· Regarding a circulating Polymarket screenshot asking “Will someone throw something at CZ’s face during the 2026 crypto event,” CZ stated that this event does not exist on Polymarket or any prediction market, and there is no so-called $7 million trading volume. The related screenshot is forged.
· As for the claim that “CZ canceled the supercycle,” CZ straightforwardly said it was an overinterpretation. He only expressed that he is “less confident than before.”
· Addressing the rumor of “Binance selling $1 billion worth of Bitcoin,” CZ clarified that it was Binance users who sold, not Binance itself. Changes in the Binance wallet balance usually only occur when users withdraw, and many users still keep their assets on Binance for wallet purposes after trading.
· Furthermore, regarding the question about the SAFU fund not buying BTC, CZ stated that Binance has made it clear that the conversion will be completed within 30 days. It is speculated that Binance’s initial plan may have been to gradually buy in these 30 days, then close to the end of the 30 days, or on a weekly basis, transfer the funds to the corresponding address. Of course, it is impossible to see them buy through a DEX. Considering Bitcoin’s market value of about $1.7 trillion, the impact of phasing in the $1 billion Bitcoin purchase over 30 days on the Bitcoin price, whether it enhances market confidence, is left to the market to judge.
