Bitcoin Price Prediction: BTC Tests $75K As Burry Warns Of Corporate Death Spiral
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- Bitcoin gains 1.29% to $76,637 after bouncing from $75,355 lows as Michael Burry warns of a death spiral for corporate BTC holders.
- Spot outflows reach $54.45 million on February 4, extending distribution as price trades 40% below October highs.
- Recovery requires reclaiming $84,468, while a close below $74,000 opens downside toward the $65,000 demand zone.
Bitcoin price today trades near $76,637 after testing the $75,355 level that marks the lowest price since late 2024. The bounce comes as Michael Burry, the investor who famously shorted the housing market in 2008, warns that corporate Bitcoin holders face a potential death spiral if prices fall another 10%.
Burry Warns Of Corporate Bitcoin Collapse
Michael Burry posted a stark warning on Monday, calling Bitcoin a speculative bet rather than a real hedge. He noted that while gold and silver surged on dollar wea…
Read The Full Article Bitcoin Price Prediction: BTC Tests $75K As Burry Warns Of Corporate Death Spiral On Coin Edition.
In This News
Coins
$ 74.11K
-4.36%
$ 0.0033
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In This News
Coins
$ 74.11K
-4.36%$ 0.0033
Share:
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Bitcoin Bounces From $72.8K, but On-Chain Data Warns of More Downside
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Bitcoin Price Prediction: BTC Tests $75K As Burry Warns Of Corporate Death Spiral
Share:
- Bitcoin gains 1.29% to $76,637 after bouncing from $75,355 lows as Michael Burry warns of a death spiral for corporate BTC holders.
- Spot outflows reach $54.45 million on February 4, extending distribution as price trades 40% below October highs.
- Recovery requires reclaiming $84,468, while a close below $74,000 opens downside toward the $65,000 demand zone.
Bitcoin price today trades near $76,637 after testing the $75,355 level that marks the lowest price since late 2024. The bounce comes as Michael Burry, the investor who famously shorted the housing market in 2008, warns that corporate Bitcoin holders face a potential death spiral if prices fall another 10%.
Burry Warns Of Corporate Bitcoin Collapse
Michael Burry posted a stark warning on Monday, calling Bitcoin a speculative bet rather than a real hedge. He noted that while gold and silver surged on dollar wea…
Read The Full Article Bitcoin Price Prediction: BTC Tests $75K As Burry Warns Of Corporate Death Spiral On Coin Edition.
In This News
Coins
$ 74.11K
-4.36%$ 0.0033
Share:
In This News
Coins
$ 74.11K
-4.36%$ 0.0033
Share:
Read More
Bitcoin Bounces From $72.8K, but On-Chain Data Warns of More Downside