CZ Calms Bitcoin Investors as BTC Holds Near $60K Lows

On June 11, Binance co-founder Changpeng Zhao reiterated that Bitcoin will not stay 'dead' for long, responding to record Google searches for 'bitcoin is dead' and ongoing market fear. Bitcoin fell below $60,000 on June 10, its lowest level since October 2024, and traded around $61,218 after a 2.54% daily drop. The selloff intensified after Strategy reportedly sold BTC holdings, challenging the 'never sell' narrative. CZ posted on June 9 urging investors not to panic and later disclosed that BNB comprises over 98% of his crypto portfolio with just 1.32% in Bitcoin. The commentary provides sentiment support amid bearish near-term price action.