Michael Burry warns Bitcoin’s decline will wipe out significant value for companies holding large amounts on their balance sheet.
He says $BTC has failed as a safe haven like gold and behaves more like a volatile stock tied to the S&P 500. Aggressive holders face bankruptcy risk as it continues to fall, potentially triggering broader market turmoil.
I know what’s coming, and I have time. I also have a scarce quality called patience. I also don't need to catch exact bottoms or tops, and those who do usually lose in the end. I layer in just as I layer out.
I purchased boatloads of $BTC sub-16k and sold near every major top this cycle so far, preemptively documenting every sale along the way for my members. Proof that with a bit of strategy and patience, you will consistently outperform the majority.
The FUD and fear at these $BTC levels are unreal. Yes, Bitcoin’s price action is absolutely insane, and we are selling at every pivot point. Across all timeframes: 15m, 30m, 1h, 4h, and daily. We are forming new lower lows. Every day, there is a new local low.
However, I truly believe you buy when there is extreme blood and fear in the market, and we are very close to that point.
Bitcoin is currently trading around the 70.6k level, where the previous explosive uptrend toward 126k began.
It makes sense to bid here. Even if you’re bearish on BTC, we could still see a move back toward 90k.
I’m still expecting a reversal on the lower timeframes. Good luck.
For The First Time This Cycle, #Bitcoin Has Dropped Into What We Call The Bottom Discovery Phase. Let That Sink In.
The Numbers Are Brutal: At Last Year's Top, 19.83 Million $BTC Holders Were In Profit. Today? Only 11 Million Are Still In Green. That's 40% Of Profitable Holders Wiped Out.
Simple Math: 8.7 Million BTC Were Bought At Higher Prices Than Today. Millions Of People Are Now Sitting On Losses.
This Has Never Happened This Fast This Is The Sharpest Drop In Profitable Supply In Bitcoin's Entire History. When This Happens, It Usually Means We're Shifting From "Normal Pullback" To A Full Market Reset.
Don't Expect Quick Recovery This Phase Takes Time. It's Painful. In 2018, Bitcoin Stayed In This Zone For 8 Months Before Moving Up. This Is When Fear Hits Its Peak. Patience Runs Out. People Stop Believing In Crypto Altogether.
But Here's What History Shows This Same Zone Has Given The Best Buying Opportunities In Bitcoin's History. When Everyone Gives Up, Smart Money Starts Accumulating.
Nothing Is Certain Past Doesn't Guarantee Future. Anything Can Happen.
Only One Question Matters: Are You Willing To Take The Risk When Everyone Else Is Running Away?
Yes, crypto could bounce. And honestly, it would be great for sentiment if it could. But even if it does, it would most likely result in a macro lower high.
I don't try and time those bounces. I have tried before with mixed levels of success. Sometimes it works, other times I got rekt.
When BTC drops below the 50W moving average, it then goes to the 100W moving average, spends a little time there, then goes to the 200W moving average.
Every cycle is eventually the same.
BTC topped when it always does (Q4 of the post-halving year), and so many have spent so many hours trying to convince you that it has not.
And BTC entered into a bear market, and so many have tried to get you to believe that alt season is "just around the corner" because it always happens after BTC tops. What they fail to account for is social interest. After the 2019 top there was also no rotation into altcoins, which also occurred just before QT ended.
I track the social interest in the asset class, and it has been trending down since 2021. There is no one new here for people to sell their altcoins to.
Alt seasons historically occur *after* social interest has been trending up for a year, not after it has been trending down for 5 years.
Have an actual plan on navigating this brutal asset class. Because if the altcoins you hold drop another 50%-80% from here, not a single influencer who promoted them will express an ounce of regret for it. And you will simply be living with the consequences.
I get a lot of hate for saying the truth, but an inconvenient truth is better than a lie. $BTC