Crypto is down, causing concerns over major liquidations. Michael Burry’s skepticism on Bitcoin during market volatility sparks debate. Despite Nasdaq and S&P 500 gains, Bitcoin drops 3%. Liquidations top $414 million in a session, adding pressure. Market cap hovers near $3.1 trillion amid ongoing turbulence and weakened confidence.

Michael Burry criticizes Bitcoin, comparing it to a tulip bulb. He predicts a larger crash, targeting overvalued companies like Nvidia and Tesla. Samuel Benner’s cycle chart suggests a market top in 2026, despite current market instability. Recovery might begin when fear peaks, according to experienced traders.

As crypto remains down, the market waits for a turnaround. Enjoy the weekend, embrace the holiday spirit, and watch for unexpected market shifts. Stay informed with the latest updates and market trends.

Read more at Yahoo Finance: Crypto is Down, and Liquidations Are the Bitcoin Cycle’s Newest Trend as Michael Burry Piles Shorts