According to Wu Blockchain, Binance founder CZ recently mentioned in an interview with Galaxy that Bitcoin has pulled back about 50% from its previous high of approximately $125,000. However, this is milder compared to the typical 80% pullbacks seen in past cycles. Compared to the 2022 bottom of around $16,000, the current price is still 4 to 5 times higher. CZ believes the biggest change in this cycle is the shift in the U.S. government's stance from suppressing crypto to supporting it. Institutional participation has also significantly increased, and the industry has not seen any platform or lending company collapses in the past six months, indicating improved leverage risk control. When discussing quantum risks, CZ suggested that the community should proactively discuss mechanisms for handling long-dormant addresses, such as those holding early Bitcoin from Satoshi Nakamoto. For example, setting a 6 to 12-month window, and if the funds remain unmoved, locking them through community governance, network forks, or protocol upgrades to prevent attackers from stealing them and impacting the market. https://www.(wublock123.com)/news/cz-bitcoin-pullback-milder-60k-support-level-63147