Odaily Planet Daily reports that “Big Short” Michael Burry states that the current downward trend of Bitcoin is similar to the bear market phase in 2022, sparking market discussions about the depth of this correction. Burry posted a chart on the X platform comparing BTC’s decline from approximately $126,000 to about $70,000, drawing parallels to the early decline rhythm of the 2021-2022 bear market. In the previous cycle, Bitcoin fell from around $35,000 to below $20,000 before gradually stabilizing. Based on similar percentage declines, some market participants believe the potential risk zone could be around $50,000, but Michael Burry has not provided a clear target price. The market also questions the validity of using a single historical cycle as a comparison, with some trading institutions pointing out that forming a “pattern” based on just one historical event has limited reference value. The current market environment differs significantly from 2021-2022, including institutional liquidity brought by spot Bitcoin ETFs, changes in market leverage structures, and a macro environment shifting from aggressive rate hikes to cross-asset volatility dominance. (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC Price Plunges to 3-Week Low as Analysts Map Out Next Downside Targets
The first breakdown to under $68,000 seemed as just the beginning for bitcoin’s Friday correction, which just worsened with another dip to a fresh 3-week low.
Most altcoins have followed suit, which has harmed over-leveraged traders, with more than 120,000 such participants being wrecked in the
CryptoPotato3m ago
Bitcoin Price Outlook 2035: Bitcoin Everlight Analysts Project Growth Despite Current Market Volatility
Bitcoin price modeling is increasingly extending beyond near-term cycles as institutional frameworks treat Bitcoin as a long-duration asset. Forecasts reaching into 2035 coincide with a market environment shaped by post-ATH consolidation following the October 2025 peak near $126,000 and heightened s
CryptoPotato6m ago
When to Buy Bitcoin Next? Analyst Outlines Exact Entry Levels
Bitcoin dumped hard in early February, plunging to a 15-month low of $60,000. This meant that it had shed over 50% of its value since early October when it peaked at over $126,000.
Although it has recovered roughly 20% since that low and sits close to $72,000 now, there are still some analysts
CryptoPotato50m ago
