Bitcoin Plunges to Historic Lows, Analysts Warn of “Death Spiral” as Crypto Market Crashes

In a stunning turn of events that has sent shockwaves through the financial world, Bitcoin—the world’s most prominent cryptocurrency—has suffered a catastrophic collapse, plummeting to levels not seen in years and wiping out all gains made since President Donald Trump’s re-election in 2025. The digital asset, once hailed as the future of money and a hedge against traditional market volatility, is now trading at a fraction of its all-time high, with some analysts predicting an even grimmer future.

On Thursday evening, Bitcoin’s price tumbled to a bone-chilling $60,000, a figure that represents a staggering 50 percent decline from its peak just four months ago. While the cryptocurrency has since rebounded slightly to around $68,000, the damage has been done. Investors are reeling, and the once-celebrated token is now being described in apocalyptic terms by market experts.

“Our BTC Price Target is 0.0”

Richard Farr, chief market strategist at Pivotus Partners, has made headlines with his dire prediction: “Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us.” Farr’s comments echo those of Michael Burry, the legendary investor who famously predicted the 2008 housing market crash. In a recent Substack post, Burry warned of a “death spiral” for Bitcoin, suggesting that the cryptocurrency’s decline could trigger a catastrophic chain reaction.

Farr argues that Bitcoin is no longer the safe haven it was once touted to be. Instead, he describes it as a “speculative instrument correlated to the Nasdaq,” making it vulnerable to broader market downturns. He also criticized the token’s environmental impact, noting that Bitcoin mining consumes vast amounts of energy and water. “Nothing ‘green’ about this ‘coin,'” Farr wrote mockingly. “We think it’s a zero.”

Miners Unplug as Winter Storms and Crashes Collide

The crash has hit Bitcoin miners particularly hard. Already struggling with soaring electricity prices due to winter storms, many miners are now being forced to shut down their operations entirely. “We think we are only in the early innings of the crypto correction,” Farr wrote in a follow-up LinkedIn post, adding that worsening U.S. jobs numbers could drive even more money out of speculative assets.

Burry, in his Substack analysis, pointed to a recent crash in gold prices—following a historic surge—as evidence of a broader shift in investor sentiment. He suggested that as people continue to gamble on gold futures, “physical metals may break from the trend on safe haven demand,” potentially triggering a “death spiral”-like collapse.

Traditional Investors Lose Interest

The sentiment among traditional investors appears to be souring. Deutsche Bank analyst Marion Laboure noted in a client memo that “Bitcoin isn’t trading on hype anymore, the story has lost a bit of that plot, it is trading on pure liquidity and capital flows.” FG Nexus CEO of digital assets Maja Vujinovic echoed this sentiment, stating that “Bitcoin isn’t trading on hype anymore.”

As Bitcoin’s volatility continues to make headlines, one thing is clear: the cryptocurrency’s future is more uncertain than ever. Whether it can recover from this devastating crash or face an even darker fate remains to be seen.

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Viral Sentences:

• “Bitcoin is trading on pure liquidity and capital flows, not hype.”
• “Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us.”
• “Nothing ‘green’ about this ‘coin.’ We think it’s a zero.”
• “Bitcoin isn’t trading on hype anymore, the story has lost a bit of that plot.”
• “This steady selling in our view signals that traditional investors are losing interest, and overall pessimism about crypto is growing.”
• “Bitcoin is no longer the safe haven it was once touted to be.”
• “We think we are only in the early innings of the crypto correction.”
• “Physical metals may break from the trend on safe haven demand.”
• “Bitcoin’s enormous swings over the last couple of months suggest it’s not the end of the ride.”
• “The crypto has wiped out all of its gains since President Trump won the presidential election in late 2025.”

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