Whataboutism: Cherry-picking and exaggeration make it impossible to guard against, while conspiracy theories are even more effective at swaying public opinion

By: theblockbeats.news|2026/01/23 05:00:29

BlockBeats News, January 23, Binance CEO Changpeng Zhao responded to a discussion post regarding CZ's view on meme coins. The post showed that CZ's view on meme coins was taken out of context and was overly interpreted as "memes are going to cool off." However, CZ's actual words were: "most memes won't go very far, those with cultural value can exist long-term." Expressing objectivity and neutrality, rather than disparaging meme coins.

Changpeng Zhao commented on this, saying, "Impossible to guard against. Rumors, hate, and conspiracy theories always have a stronger impact on public sentiment. Investors who like to follow such emotions without verification often become a group of people in the industry who repeatedly invest and lose, repeating the cycle."

-- Price

Bitcoin (BTC) is holding above $76,000, supported by strong institutional buyingThe Fear & Greed Index at 33 indicates continued market caution despite price strengthCrypto ETPs saw $1.4B in inflows, marking three consecutive weeks of capital growthEthereum (ETH) is consolidating around $2,300, with resistance near $2,360Understanding what is futures trading vs what is spot trading is key in volatile marketsTraders are increasingly combining spot accumulation with futures trading strategies

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