CZ Reaffirms 'Don't Sell the Dip' as Crypto Market Cap Drops to $3.76 Trillion

Changpeng Zhao, widely known as CZ and the co-founder of Binance, issued a concise but impactful warning to cryptocurrency investors on August 29, 2025, advising against panic selling during market downturns. In a direct social media post, CZ stated, "> Things to avoid in crypto. Selling the dip." This counsel arrived as the broader crypto market experienced significant volatility, prompting discussions on long-term investment strategies.

The advisory comes amidst a notable market correction, with the total cryptocurrency market capitalization declining to $3.76 trillion, marking a 3.4% drop within 24 hours. Bitcoin, the leading digital asset, saw its price slip to under $109,000, trading around $108,542, representing a 3.49% slump over the same period and a 7.06% decrease weekly. This downturn has led to increased selling pressure and a neutral sentiment reflected by the Crypto Fear & Greed Index standing at 47.

CZ's message underscores his consistent philosophy that market dips present accumulation opportunities rather than reasons for divestment. He has frequently articulated that "everything before the next ATH is a dip," encouraging investors to maintain a long-term perspective. This approach emphasizes that mental stability is paramount in navigating the inherent volatility of the cryptocurrency market.

The former Binance CEO has previously advised those who sold during dips to "unfollow the weak minds and follow the right people," suggesting that investor behavior is heavily influenced by their informational environment. His guidance aligns with other prominent industry figures, such as Michael Saylor, who advocate for remaining bullish on Bitcoin regardless of short-term market fluctuations, reinforcing a buy-and-hold strategy.

As the market continues to experience price swings, CZ's repeated emphasis on avoiding panic sales serves as a reminder for investors to focus on the long-term growth potential of strong digital assets. This perspective suggests that current market corrections are part of a natural cycle, offering strategic entry points for disciplined investors aiming for future gains.