Michael Burry Signals the 2022 Collapse in Bitcoin Charts

Michael Burry, the famous investor and inspiration for the film "The Big Short," has recently drawn attention to Bitcoin charts in his posts. Burry suggested that the current decline resembles the 2021-2022 crash. This situation raises the possibility of a deeper reset.

In the previous cycle, Bitcoin dropped from around 35,000 dollars to below 20,000 dollars. Experts, in this context, are commenting that there could be a potential decline towards the lower levels of 50,000 dollars at current price levels.

However, there are disagreements among analysts regarding the validity of this comparison. The previous crash occurred under the impact of Federal Reserve tightening policies and retail-focused leverage effects. Today's market, on the other hand, is shaped by the impacts of spot Exchange-Traded Fund (ETF), institutional liquidity, and broader asset volatility.