#Bitcoin is facing renewed downside pressure as prediction markets and derivatives data point toward the possibility of another sharp drawdown this month. While short-term volatility is nothing new for BTC, current expectations are reviving an old concern: miner profitability under extreme price stress.
Prediction markets tracking BTC price ranges are increasingly pricing scenarios where Bitcoin revisits levels that historically put significant pressure on mining operations. At these levels, inefficient or highly leveraged miners may struggle to cover operational costs such as energy, hardware financing, and maintenance.
This narrative gained traction after references to past warnings from macro investors like Michael Burry, who has previously highlighted how prolonged low prices can force miner capitulation. While Burry has not issued a fresh forecast, markets are revisiting the idea that sustained weakness could trigger forced selling from miners, adding further supply pressure.
However, on-chain data tells a more nuanced story. Despite bearish price action, long-term holders continue to accumulate, and network fundamentals such as hash rate remain relatively resilient. This suggests that while short-term stress is possible, the broader Bitcoin ecosystem is not showing signs of systemic breakdown.
In summary, Bitcoin’s near-term risk is less about collapse and more about volatility-driven stress points, particularly for weaker miners. Whether this turns into a deeper drawdown or a shakeout followed by recovery will depend on macro conditions, liquidity, and how long prices remain under pressure.
#BTC
#Cryproupdate