💥 WHAT WILL HAPPEN IF $BTC FALLS BELOW 70,000 USD?
Currently, Michael Saylor's fund (Strategy Inc.) holds over 641,000 BTC, with an average purchase price of about 74,057 USD/1 BTC not to mention Michael also holds about 17,732 #Bitcoin as personal assets separate from the amount the company holds. At that point, his fund would record losses of billions of dollars. It would truly be a huge shock for investors.
Not just Saylor, many other investment funds – especially new ETFs – have a higher average cost basis (usually above 70,000 USD). When BTC drops to this level, funds will face significant pressure from investors withdrawing capital, forcing them to sell to preserve profits or reduce losses → creating a PANICSELL domino effect.
If that scenario occurs, the market could witness:
• Liquidity plummeting, as buyers hesitate.
• Margin calls being liquidated en masse, accelerating the decline.
• FUD sentiment spreading, pulling altcoins down even further.
But for BTC to actually fall below 70,000 USD, a major macro shock is needed – for example:
• The Fed delays cutting interest rates, causing the USD to strengthen. (Recently, the Fed chairman announced that they are uncertain about the interest rate cut next month)
• Bitcoin ETFs recording continuous net outflows.
• Whales or large funds taking profits after a period of accumulation.
In other words, the 70,000 USD level is a very strong psychological barrier of this cycle – and if it is breached, the entire crypto market will have to enter a truly fierce liquidation phase. 🧊
Cred: Compilation
Of course, this is just a scenario, what do you think about this issue?
