Headline: "'$50K Alert' Sounded as Bitcoin Plunges, Triggering Cryptocurrency Market Fears"

BlockBeats News, February 4th, according to Forbes, Bitcoin has recently experienced a sharp pullback, triggering concerns in the market about a new round of "deep decline" in crypto assets. Over the past week, the price of Bitcoin has dropped by about 10%, falling below the $80,000 mark at one point, with the latest low touching $73,000, followed by a slight rebound above $75,000.

Amid a sudden shift in market sentiment, CZ publicly stated that his confidence in Bitcoin's "super cycle" in 2026 has significantly declined. CZ stated that due to market FUD, extreme liquidation events, and geopolitical uncertainties, the current environment will see "very high" volatility, and although a super cycle is still possible, the probability has decreased to about 50%.

At the same time, renowned investor and protégé of "The Big Short" Michael Burry warned that the price of Bitcoin could further plummet to $50,000. He pointed out that if it falls to that level, Bitcoin mining companies may face severe financial pressure, even bankruptcy risks.

Concerns about Bitcoin's weakness in the market have been exacerbated by funds accelerating towards traditional safe-haven assets such as gold and silver. LMAX Group CEO David Mercer stated that the current market is undergoing "collateral squeeze," where risk dispersion is faster than the support system, leading to significantly amplified volatility.

Analysts believe that against the backdrop of a gold price rebound and crypto assets being repriced as "high-risk assets," the short-term trend of Bitcoin will still heavily rely on macroeconomic conditions and changes in market sentiment.