Bitcoin fell under $74,000; Michael Burry flags hedge fund exposure risk, Feb 3, 2026

On February 03, 2026, Michael Burry cautioned that Bitcoin's slide could strain hedge funds with direct and indirect crypto exposure. Bitcoin dipped below $74,000 over the weekend and later hovered near $76,400, and he added that another 10% decline might intensify losses for funds connected to large corporate Bitcoin treasuries.