CZ Predicts Bitcoin Hits $1M Sooner Than Expected
Bitcoin (BTC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Binance founder Changpeng “CZ” Zhao stated Bitcoin will reach $1 million per coin sooner than anticipated. Speaking at Bitcoin Asia in Hong Kong on Thursday, Zhao claimed the asset will eventually surpass gold’s market value. He noted that countries failing to adopt Bitcoin face risks similar to those missing out on AI technology.
Zhao emphasized that Bitcoin is more dangerous for nations that do not use it, rather than being a danger itself. He dismissed the idea that it requires 25 years to reach the million-dollar mark, asserting it will happen much quicker. The report notes that Bitcoin’s price surged last week following news of U.S. Treasury liquidity-support buyback operations.
These operations were expected to double in size, which weakened the dollar and benefited non-yielding assets like Bitcoin. Bitcoin’s price jumped nearly 12% over seven days, reaching a high of $81,160 before settling at $80,520. Despite this growth, Bitcoin’s $1.6 trillion market cap remains significantly below gold’s $32.2 trillion value. Zhao added that large countries will gradually recognize Bitcoin as a superior asset over the coming years.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 28 August 2026. Not the outlet's figures.
BTC is currently trading at $80,249.58 on Binance spot markets. The 1-hour buy ratio stands at 56.6%, indicating strong short-term buying pressure, while the 4-hour ratio is neutral at 50.1%. However, the 24-hour buy ratio has dropped to 45.2%, suggesting that buying momentum is fading over the longer term. Volume delta reflects this shift, showing a net inflow of +$5,483,304 in the last hour but a net outflow of -$123,102,218 over the past day. The Cumulative Volume Delta (CVD) for the 24-hour period closes at -$119,598,057, confirming that sellers have dominated the daily flow. Net buying occurred in only 5 of the last 24 hours, with spot volume totaling $1,297,370,375 across nearly 5 million trades.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.1%, meaning today’s 24-hour ratio of 45.2% is 5.8 percentage points lower than the weekly norm. Trading volume is currently at 0.65x the weekly average, indicating a notable slowdown in activity. While the price rose 9.9% over eight days, the recent daily flow shows a divergence from the broader weekly trend. This suggests that while the weekly trend remains positive, the immediate daily pressure has shifted toward selling relative to the recent average.