Binance’s Teng Downplays BTC Volatility Amid Market Sell-Off

Richard Teng, the CEO of crypto alternate Binance, reportedly mentioned Bitcoin’s volatility aligns with that seen in most main asset lessons.

Based on a Friday Reuters report, Teng mentioned throughout a media roundtable in Sydney that every one asset lessons undergo totally different cycles and volatility. “What you’re seeing is just not solely taking place to crypto costs,” he claimed.

Teng additionally defined that Bitcoin’s latest drop was pushed by buyers deleveraging their positions and by danger aversion, which is in keeping with tendencies throughout most main asset lessons. “At this time limit, there’s a little bit of danger (off) and deleveraging taking place,” he reportedly mentioned.

On the time of writing, CoinMarketCap data reveals Bitcoin buying and selling simply above $82,000 — practically 35% down from its Oct. 6 all-time excessive of over $126,000. The whole crypto market cap is at $2.84 trillion, down 33.6% from an all-time excessive of $4.28 trillion.

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Wholesome market motion

Teng famous that, regardless of the decline, Bitcoin is buying and selling at greater than double the value it was altering palms at in 2024. “Over the previous 1.5 years, the crypto sector has carried out very, very properly, so it’s not surprising that individuals do take revenue,” he reportedly mentioned.

“Any consolidation is definitely wholesome for the trade, for the trade to take a breather, discover its toes.”

Is Bitcoin’s volatility in keeping with conventional markets?

Nonetheless, Teng’s declare that Bitcoin’s volatility is just not increased than that of most main asset lessons stands out as counter to what’s probably the most typical view on the matter. To date in 2025, the 60-day BTC-USD volatility marker has ranged from a few short-lived dips round 1% to peaks of practically 2.44%, in line with BitBo data.

This follows knowledge clearly displaying that Bitcoin’s traditionally astronomical volatility is falling because it beneficial properties in adoption and liquidity. September 21Shares analysis shows that in 2013, the annualized volatility reached an all-time excessive of 181% and this yr it dipped as little as 23%.

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Moreover, 21Shares’ chart evaluating Bitcoin to the S&P 500 reveals that in this yr’s market turmoil, the S&P 500’s annualized volatility briefly surpassed Bitcoin’s. Nonetheless, this solely occurred throughout a interval of uncharacteristically excessive volatility in conventional markets that has since fallen off a cliff.

On the time of writing, V-Lab knowledge reveals that Bitcoin has an annualized volatility of properly over 50%, whereas the S&P 500 is simply over 15%. Nonetheless, within the tech house, there are certainly shares which can be extra risky than Bitcoin.

Car producer Tesla’s annualized volatility at present stands at over 65%, chip producer AMD’s at over 73%, and server producer Tremendous Micro Laptop is at 73%. Authorities intelligence software program supplier Palantir can also be seeing 63% volatility. Nonetheless, these are outliers in conventional finance.

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