After the massive sell-off in the cryptocurrency market this week, many saw the price... Bitcoin (BTC) It bounced from a low of $89,000 to a high of $97,000 in a matter of hours.

In the altcoin space, the story has become even more dramatic, with several altcoins posting double-digit percentage gains in just the past two days. Naturally, such a rapid change in narrative from extreme fear to greed sparked a new injection of fear of missing out among crypto market participants.

In the middle of this price roller coaster is the former CEO of... BinanceThe largest cryptocurrency exchange in the world, Changping Zhaoor CZ as it is known in the industry, stepped up with a statement that served as a voice of reason. Zhao is no stranger to issuing statements, and some of his statements have become canonized in the cryptocurrency market.

This time, Zhao spoke directly about the FOMO caused by the market rebound, urging everyone to have such fear.

However, the important thing is to control it responsibly. Trying to interpret the words of the cryptocurrency mogul, it can be said that although the feeling of fear of missing out is natural in human nature, what makes the real difference is how one is able to channel that fear.

The key may lie in finding the perfect balance between greed and fear. according to Czechoslovakia The same cryptocurrency entrepreneur said a year ago that the solution is to do nothing for fear of missing out, but also not to invest in a single coin.

In his view, in rising markets like the one we are currently experiencing, adopting risk management is vital.