‘Big Short’ Michael Burry flags key levels on the Bitcoin chart 
Cryptocurrency Feb 5, 2026 Share
The famous ‘Big Short’ investor Michael Burry made an X post late on February 4 in which he not only flagged critical Bitcoin (BTC) price levels but also seemingly correctly anticipated the flash crash toward $69,000 that took place in the morning of February 5.
Specifically, the famous ‘Big Short’ investor made a post late on Wednesday, simply captioned ‘$BTC Patterns,’ in which he shared a multi-year chart for the cryptocurrency with two points marked by red arrows.
The first points to the downward slope between a local top on April 2, 2022, and a temporary stabilization in mid-May and early June. The other arrow simply points at the ongoing downturn in early February 2026.
$BTC Patterns pic.twitter.com/Ax595mNXrD
— Cassandra Unchained (@michaeljburry) February 4, 2026
Is Michael Burry signaling a repeat of Bitcoin’s 2022 cycle?
Admittedly, and in the finest tradition of ancient oracles – Burry is known as Cassandra Unchained on X, referencing King Priam’s prophetic daughter – the famous short trader’s post does not give away much detail.
Nonetheless, it strongly hints that Michael Burry believes the cryptocurrency market and Bitcoin, especially, are, in early February 2026, in a similar position as they were in the second quarter (Q2) of 2022.
Starting well above $60,000 in November 2021, BTC crashed to a temporary low near $35,000 in January 2022 before retracing to about $45,000 by April 2.
Shortly after, the world’s premier cryptocurrency began a crash that took it to approximately $30,000 in the first half of May before a brief stabilization that ended with a crash under $19,000 in June of 2022.
How low could Bitcoin go if Michael Burry’s BTC pattern is correct?
If Michael Burry’s chart indeed points toward a possible repetition of such movements, it could hint that Bitcoin could easily crash by some 40% by late March. Considering BTC is changing hands at $69,553 at press time, this would mean the cryptocurrency might plunge to as low as $41,000 in just over a month. 
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Bitcoin price one-week chart. Source: Finbold
On the flip side, if the ‘Big Short’ investor is right, Bitcoin is then likely to stabilize and spend an extended period of time trading mostly sideways before beginning a new climb sometime in 2027.
Notably, Michael Burry warned in a February 2 post on Substack that the ongoing Bitcoin price decline could easily trigger a ‘death spiral’ for risk assets, with companies heavily invested in the cryptocurrency, such as Michael Saylor’s Strategy (NASDAQ: MSTR), being particularly exposed.
TradFi and DeFi experts join to warn of imminent Bitcoin crash
Additionally, the ‘Big Short’ trader’s warnings echo other prominent figures from traditional finance and more online personalities. Jim Cramer has, in early February, published multiple X posts arguing that the now-lost level near $73,000 is critical to maintain any semblance of stability.
Bitcoin took out the crucial 73,000 level and quickly dropped to $69,000
— Jim Cramer (@jimcramer) February 5, 2026
The popular blockchain analyst Ali Martinez recently warned that Bitcoin’s price in relation to the 100-week and 200-week simple moving averages (SMA) hints at a plunge below $57,000 by March or April at the latest.
Featured image via Shutterstock
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