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Forbes: "$50,000 Alarm Bell" Rings as Bitcoin Plunges Triggering Cryptocurrency Market Meltdown Concern

2026.02.04 21:20:07

February 4th — Bitcoin has seen a sharp pullback recently, fueling market fears of a deep downturn in crypto assets, per Forbes. Over the past week, BTC is down ~10%, briefly falling below $80k, hitting a recent low of $73k before rebounding to just over $75k. Amid a sudden shift in market sentiment, Binance co-founder CZ (Changpeng Zhao) said his confidence in Bitcoin’s 2026 “super cycle” has dropped sharply. He cited market FUD (fear, uncertainty, doubt), extreme liquidations, and geopolitical risks as drivers of “very high” current volatility. A super cycle remains possible, but the odds have fallen to ~50%. Meanwhile, Michael Burry — the legendary investor and *The Big Short* inspiration — warned Bitcoin could drop further to $50k. If BTC hits that level, mining firms may face severe financial strain, even bankruptcy risk, he noted. Bitcoin weakness fears have deepened as funds rush into traditional safe havens like gold and silver. LMAX Group CEO David Mercer said the market is now in “collateral tightening” mode — where risk spreads faster than support systems, amplifying volatility sharply. Analysts say Bitcoin’s short-term trend will remain heavily tied to macroeconomic conditions and shifts in market sentiment, amid a gold price rebound and crypto assets being reclassified as high-risk.
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