[Binance CEO: Bitcoin's Volatility is Consistent with Most Asset Classes] According to Reuters, Binance CEO Richard Teng said on Friday that Bitcoin's sharp decline over the past month was due to investors deleveraging their cryptocurrency holdings and heightened risk-averse sentiment, which is consistent with the situation in most major asset classes. Speaking at a media roundtable in Sydney on Friday, Teng said: 'Like any asset class, there will always be different cycles and volatility. What you are seeing is not something that only happens to cryptocurrency prices. Currently, there is also a certain degree of risk aversion and deleveraging in the market. Despite the decline in Bitcoin's price, it is still trading at more than twice the level of 2024. Over the past year and a half, the crypto industry has performed very, very well, so it is understandable that people are taking profits. Any form of consolidation is actually beneficial for the industry, allowing it to take a breather and stabilize.' When asked whether Changpeng Zhao would return to Binance following former U.S. President Trump's pardon in October, Teng declined to comment.