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
某巨鲸做空3560万美元规模BTC，为链上千万级巨鲸中清算压力最大者
3月25日，Hyperinsight数据显示，Hyperliquid上的一位巨鲸在持仓中使用25倍杠杆开空500枚BTC，当前均价为70,274美元，清算价位72,685美元。此外，该巨鲸在71,240至72,420美元区间预设了18笔买单，计划减仓止损，并在69,500美元下方布设约200笔买单以分批止盈，目标区间为63,500美元。
BlockBeatNews11m ago
某巨鲸在 Hyperliquid 上 25 倍杠杆做空 500 枚 BTC，持仓规模 3560 万美元
Hyperliquid平台上的一位巨鲸以25倍杠杆开空500枚BTC，总价值约3560万美元，清算价位为72,685美元，目前距离清算约2.1%。该巨鲸已设定18笔买单应对价格波动，并计划在BTC下跌时分批止盈。
GateNews23m ago
Irish Criminal Assets Bureau "Cracks" Seized 500 BTC, Worth Over $35 Million
Ireland's Criminal Assets Bureau successfully cracked a Bitcoin wallet linked to drug trafficker Clifton Collins, seizing 500 BTC worth $35 million. These bitcoins had been dormant for nearly 10 years due to lost private keys. Collins purchased approximately 6,000 BTC with drug trafficking proceeds between 2011 and 2012, with approximately 5,500 BTC remaining to be cracked.
BlockBeatNews27m ago
Irish Authorities Crack Convicted Drug Dealer's Bitcoin Wallet, Seize 500 BTC Worth $35 Million
The Irish Criminal Assets Bureau successfully cracked a Bitcoin wallet that was believed to have lost private keys, seizing 500 BTC worth over $35 million. The wallet belonged to convicted drug dealer Clifton Collins and contained approximately 6,000 BTC. Collins's private keys were accidentally discarded in 2017, and he currently has multiple other wallets awaiting further investigation.
GateNews32m ago
