Bitcoin Price Risks $45K Crash as Dave Portnoy Slams BTC Bulls

Key Insights

• Bitcoin price risks deeper losses if the $54K support fails.
• Market odds indicate growing fear of a drop to $50K or even lower.
• 21Shares says Bitcoin’s four-year cycle remains intact.

Bitcoin price is under fresh pressure after BTC slipped below $60,000 again. The move deepened fears that BTC price could test lower support near $50,000, or even $45,000, before year-end.

The flagship traded near $61,000 earlier in the session, after holding the $60,000 zone through much of the year. However, sellers regained control as macro pressure, ETF weakness, and falling crypto stocks hurt sentiment.

The latest decline pushed Bitcoin to a new 12-month low near $58,700. It also extended the yearly loss to roughly 32%. From its October 2025 peak near $126,000, BTC is now down by about 52%.

Bitcoin Price Crash Odds Rise as Traders Eye $45K Zone

Bitcoin price risk is also rising across market-based sentiment trackers, as the crypto has continued to face bearish pressure. The market odds of Bitcoin falling below $50,000 in 2026 had climbed to 64%, with a 46% chance of a move below $45,000.

Dave Portnoy’s sharp crypto remarks have added a retail-sentiment angle to the selloff. His comments came after another weak session for BTC and XRP, as traders questioned whether dip buying still had strength.

Dave Portnoy Reacts as Bitcoin Price Crashes | Source: X

Technical pressure also remains heavy. BTC is retesting support near $59,200 after losing an important Fibonacci area. A clean break below that zone could expose deeper levels.

However, bulls still have one major level to defend. 21Shares said Bitcoin price remains above its aggregate cost basis near $54,000. In past bear markets, BTC often fell below that line during capitulation.

BTC Sell Pressure Grows as Binance Inflows Jump Fast

Sell-side pressure has also increased on major exchanges. CryptoQuant data showed about 7,600 BTC moved into Binance, worth roughly $479 million. Large exchange inflows can signal that holders may be preparing to sell.

BTC Exchange Inflows | Source: Cryptoquant

This does not mean every coin will be sold. Yet the timing is important because fear is already elevated. More supply on exchanges can make rebounds harder when buyers lack conviction.

Crypto stocks are also weakening. Strategy, Coinbase, Robinhood, MARA, and Riot all fell as Bitcoin dropped. Strategy shares were hit harder because investors remain focused on its leveraged Bitcoin exposure.

Onchain data shows more than $850 million in crypto liquidations during the latest slide. Forced selling can deepen a decline because losing trades are closed automatically.

Still, 21Shares has not called for a cycle breakdown. The firm says that the four-year post-halving pattern of Bitcoin has evolved, not disappeared. It also said institutional ownership and ETF flows have changed market behavior.

Its base case points to a recovery toward $100,000 by year-end, rather than an immediate record high. That outlook depends on ETF demand, macro conditions, and whether BTC can defend realized cost levels.

However, the continuing dip in Strategy (MSTR) stock has also triggered the bearish sentiment in the market. If MSTR continues its dip, it could significantly impact the BTC price ahead.

The price of Bitcoin is stuck between the panic and the long-term adoption indicators. Pressure can be relieved if the recovery is above $63,000. Another break below $59,000 may keep $50,000 and $45,000 in focus for BTC price.

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