Michael Burry, known for his "Big Short" bet, has argued that Bitcoin has failed as a safe-haven asset and outlined three price thresholds that could intensify stress across the crypto sector. He warns that drops below $70,000, $60,000 and $50,000 would respectively inflict heavy losses, trigger an existential crisis for Michael Saylor's firm Strategy, and potentially fracture the wider digital asset ecosystem. Bitcoin briefly fell to an intraday low of $73,111 on Tuesday before rebounding.

Bitcoin has fallen from a peak of $126,000 to $78,000, while spot trading volume has dropped from about $200 billion in October to roughly $104 billion after the October 2025 crash. Despite five straight months of negative spot netflows and shrinking stablecoin and derivatives capital, spot buyers accumulated around $2.1 billion in BTC between 19 and 26 January, offering a fragile signal of a possible short‑term rebound.

In February 2026, economist Nouriel Roubini, known as "Dr. Doom," predicted an impending "apocalypse" for the cryptocurrency sector and argued that a strongly pro-crypto administration has failed to rescue the market. He highlighted Bitcoin's 35% drop from its October high and its 6% decline during a period when gold prices jumped over 60%, claiming crypto offers little utility beyond crime and corruption and that stablecoins are its only notable application so far.

On Monday, Michael Burry warned that ongoing Bitcoin weakness could trigger as much as $1 billion in end‑of‑month liquidations in gold and silver. By Wednesday morning in Asia, Bitcoin was at $76,362 after a 3.17% daily drop and a 14.44% weekly decline, as his remarks emphasized pressure on risk assets and corporate holders.

On Monday, Michael Burry published a Substack note warning that Bitcoin’s slide is spilling into gold and silver, estimating up to $1 billion in metals was sold at January’s end. He said there is "no organic use case reason" for a halt and cautioned a move toward $50,000. On Tuesday, BTC briefly traded below $73,000.

According to Axel Adler, Bitcoin entered a bear cycle in October 2025 and is now in a corrective phase after a local peak near $125,000. Percent unrealized losses have climbed from roughly 7% to around 22% since January, LTH/STH SOPR has compressed to about 1.13 after a ~40% drop, and BTC has failed to reclaim $80,000 amid weak rebounds near $78,000.

According to the article, Bitcoin traded around $76,273 after a 3% move over the past 24 hours, while spot Bitcoin ETFs registered $562 million in net inflows as buyers stepped into weakness. Daily volume reached $67.8 billion, and UK‑listed SWC now holds 2,674 BTC, as chart signals highlight support near $74,000 and resistance around $84,000.

Bitcoin extended its drop under $75,000 and briefly touched $72,865 before attempting a rebound toward $76,500. The price is still trading beneath $79,000 and the 100-hour simple moving average, with a bearish trend line capping BTC near $77,200. If it fails to clear resistance around $77,000–$77,200, another move lower toward $74,000 or even $72,850 remains possible.