Binance CEO Richard Teng wrote that the recent market volatility should be seen as a "tactical pullback" rather than a structural recession in the crypto market. He stressed that the crypto market has experienced many macroeconomic shocks in history and rebounded strongly. For example, Bitcoin briefly fell below $20,000 in 2022 due to the Federal Reserve's interest rate hike, but quickly recovered as the market stabilized. Teng pointed out that institutional investor interest is still rising, ETF funds continue to flow in, and Binance is also growing steadily. He believes that the Federal Reserve's hold on rate cuts is a key factor in the recent market correction, and although a rate cut in March is less likely, future policy will still depend on inflation and employment data. He said that market corrections are often an opportunity for veteran investors to lay out the next upside cycle, and that crypto markets have become part of the global financial system and have proven their resilience to macroeconomic fluctuations.