Michael Burry, known for his role in the 2008 financial crisis, has drawn parallels between the recent decline in Bitcoin and the major crash of 2022. According to NS3.AI, during the 2022 crash, Bitcoin lost nearly 50% of its value before stabilizing. Burry's comparison suggests that Bitcoin might follow a similar recovery trajectory after experiencing a significant drop. This observation has brought renewed focus on market cycles and investor psychology amid the ongoing volatility in the cryptocurrency market.

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