Bitcoin News Today: Bitcoin Surges 6% After Binance Founder Advocates Buying Dip

Changpeng Zhao, the founder of Binance, advised investors to purchase Bitcoin during its current market dip. On July 11, 2025, he emphasized the natural fluctuations of the market, suggesting that dips are opportunities for potential price surges.

Zhao's perspective highlights the cyclical nature of market movements, indicating that even during fluctuations, there are profitable opportunities. He reiterated a bullish stance on Bitcoin, stating that market dips are expected before new highs. His comments align with his prior predictions for Bitcoin’s long-term growth, fueled by institutional investment.

“Charts for tradable assets, including Bitcoin, do not move in a straight upward line and dips are inevitable before hitting new all-time highs (ATHs),” Zhao remarked, reinforcing the cyclical nature of the market. He also expressed confidence that market corrections offer strategic entry points for investors, highlighting that Bitcoin could reach up to $1 million driven by ETF and institutional factors.

Bitcoin’s price rose over 6% following Zhao's statement, reflecting investor optimism in line with market dynamics. Market sentiment remains optimistic due to expected institutional engagements. The uptick ties to mounting institutional interest, projecting potential growth as ETFs and other investment vehicles drive demand. Zhao attributes this trend to adoption by Wall Street firms and Bitcoin ETFs.

Historical analysis shows similar patterns where institutional involvement had prices climbing. Zhao's viewpoint leverages expected ETF launches as key components for BTC’s future value. Historical precedents suggest institutional engagement often precedes price surges. Wall Street participation and ETF interest are anticipated to sustain Bitcoin's upward momentum, compounded by macro-level liquidity dynamics.