📉 Michael Burry predicts Bitcoin's "death spiral": Is it a crypto winter or a systemic collapse?
The legendary investor Michael Burry, who successfully predicted the 2008 financial crisis, has issued another warning. He pointed out that Bitcoin may face a "death spiral" of chain liquidations.
Here are the key points:
📍 $50,000 is the line of life and death
Burry believes this is a critical support level. If it falls below this price, miners will face a wave of bankruptcies, and corporate holders will be forced to sell, triggering a chain reaction.
📍 44% of holders are in a loss
Since the historical peak in October 2025 ($126,198), Bitcoin has retraced over 40%. Currently, approximately 44% of investor accounts are in a loss.
📍 The mining industry crisis is emerging
Taking the Russian mining giant BitRiver as an example, its parent company “Fox Group” entered observation procedures (the early stage of bankruptcy proceedings) at the end of January 2026, reflecting the current fragility of the infrastructure level under the current coin price.
Will it trigger a global economic crisis?
Burry believes not. Despite the turmoil in the crypto market, its total market capitalization of $2.6 trillion accounts for only 2-3% of the global stock market ($109 trillion). For the global financial system, this is still a niche market with limited systemic risk.
💡 Summary:
Market sentiment is currently dominated by fear. However, historical experience tells us that when Burry heavily shorts, it is often a moment to test the resilience of "diamond hands" (long-term holders).
⚠️ This article does not constitute investment advice. Please do your own research (DYOR).
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