According to CoinMeta, Zhao Changpeng (the founder of Binance), warned investors in his speech at AMA in Bali to avoid concentrated Bitcoin investments. His comments came as the price of Bitcoin was about 49% below its historical high. According to a report from Vaneck, Bitcoin closed at $63,549 on August 11, 2026, with the 30-day actual volatility dropping to 27.2% annually, which is significantly lower than the long-term average of 80%. CZ also noted that the traditional four-year cycle of the market still exists, emphasizing the risks of concentrated investment. Vaneck reports that Bitcoin's trading range over the past 30 days was between $62,265 and $66,509, with spot trading volume declining by 27% month-on-month. The company pointed out that the number of Bitcoins held by long-term holders decreased by approximately 356,000 over the past 30 days, and the proportion of long-term holders in the circulating supply dropped to 59.1%.