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Woofun AI reports that Zhao Changpeng characterized the recent cryptocurrency market correction as a standard phase within the established four-year cycle during an interview on the Galaxy Brains podcast. He highlighted that while a 50% drawdown is significant, it remains less severe than the 80% declines observed in previous cycles, emphasizing that Bitcoin prices have still appreciated approximately fivefold from their cycle lows over the past four years.
Zhao Changpeng attributed the improved fundamental landscape to a pivotal shift in U.S. government policy, transitioning from suppression to active promotion of a regulatory framework. This structural change, combined with the integration of ETFs, stablecoins, and real-world asset products, has facilitated substantial institutional capital inflows, reinforcing his long-term conviction in the industry's trajectory.