[CZ: Bitcoin's 50% Pullback Still Better Than Previous Cycles, Historical Highs Will Become Future Support Levels] Binance founder CZ recently mentioned in an interview with Galaxy that Bitcoin has pulled back approximately 50% from its previous all-time high of around $125,000. CZ pointed out that this is much better than the massive 80% pullbacks often seen in previous cycles. Compared to four years ago (the $16,000 bottom reached during the 2022 Luna crash and the FTX bankruptcy in November of the same year), the current price is still about 4 to 5 times higher. The biggest difference compared to four years ago lies in the U.S. government's attitude, which has undergone a major shift—from waging a 'war' on cryptocurrencies to offering support and taking the lead in establishing a global regulatory framework, prompting other countries to follow suit.