Binance CEO Richard Teng has attributed the recent sharp decline in Bitcoin's price to investor deleveraging and risk aversion, aligning with trends across major asset classes. Despite the pullback, Teng noted that Bitcoin's value remains more than double compared to when institutions like BlackRock entered the market in 2024. Teng also addressed the potential return of Binance founder Zhao Changpeng (CZ) following his pardon by Trump, stating that the company has not yet made a decision. CZ remains the majority shareholder with corresponding rights, while the daily operations of Binance are managed by a board of seven directors, including three independent members.