Bitcoin Falls Roughly 10% in a Week, Briefly Drops Below $80,000

Bitcoin has fallen roughly 10% over the past week, briefly dropping below $80,000 with a recent low near $73,000 before rebounding above $75,000, Forbes reports. In this volatile backdrop, CZ said his conviction in a potential Bitcoin "supercycle" by 2026 has weakened to about 50%, citing FUD, extreme liquidation events and geopolitical uncertainty. Michael Burry, the investor portrayed in "The Big Short", warned that Bitcoin could retreat further toward $50,000, a level he said could put miners under severe financial strain and even bankruptcy risk, while capital is increasingly moving into traditional havens such as gold and silver. LMAX Group CEO David Mercer described current conditions as a "collateral squeeze" with risk spreading faster than support mechanisms, and some analysts argue that, with gold rebounding and crypto being repriced as high-risk assets, Bitcoin's near-term path will remain highly sensitive to macro conditions and market sentiment.