Bitcoin Accumulation Phase Still in Play, Says CZ

Bitcoin accumulation phase continues to define market sentiment, even as the asset trades near all-time highs. Binance founder Changpeng Zhao (CZ) reassured investors on July 11 that price corrections are part of the journey. “There will be dips in the future too. And we are still in one now,” he posted, reminding the community that temporary pullbacks offer long-term buying opportunities.

He also underscored Bitcoin’s finite supply compared to the endless printing of fiat currencies. According to CZ, even if Bitcoin is approaching a new peak, everything before that point remains a dip. His message aims to reinforce patience among holders and encourage accumulation during consolidation phases rather than chasing price tops.

Institutional Support Fuels Confidence in Bitcoin

Bitcoin’s recent strength is being powered by more than just retail enthusiasm. Institutional investment is rising, and analysts believe this trend will intensify in the coming months. Matt Hougan of Bitwise forecasts Bitcoin could reach $200,000 by year’s end, largely due to ETF demand. Standard Chartered also expects this price level in Q4, citing increased corporate exposure and growing acceptance of crypto assets.

Meanwhile, macro thinkers like Robert Kiyosaki and Arthur Hayes remain extremely bullish. Both suggest that ongoing monetary policy shifts and central bank actions could push Bitcoin toward the $1 million mark. Whether or not that prediction materializes soon, the broader narrative remains unchanged: for many investors, Bitcoin is a long-term hedge—and this accumulation phase is far from over.

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