Bitcoin is facing fresh downside pressure as prediction markets and derivatives are increasingly pricing in the risk of another sharp pullback this month. While volatility is nothing new for BTC, current expectations are reviving concerns around miner profitability during periods of heavy price stress.
Markets are now assigning higher odds to BTC revisiting levels that have historically strained mining operations. At such prices, inefficient or highly leveraged miners can struggle to cover core costs like electricity, hardware financing, and ongoing maintenance.
This narrative has resurfaced alongside renewed references to past warnings from macro investors such as Michael Burry, who has previously pointed out that extended price weakness can lead to miner capitulation. Although no new forecast has been issued, the idea that prolonged downside could force miners to sell BTC is back in circulation, potentially increasing supply pressure.
That said, on-chain data paints a more balanced picture. Long-term holders continue to accumulate, and network fundamentals — including hash rate — remain relatively strong. This suggests that while short-term stress is possible, there are no clear signs of structural damage to the Bitcoin network.
Overall, Bitcoin’s near-term risk appears centered on volatility-driven pressure rather than systemic collapse. The key question is whether this period results in a deeper drawdown or a miner shakeout that ultimately sets the stage for recovery, largely dependent on macro conditions, liquidity, and the duration of price weakness.#bitcoin #USIranStandoff #BitcoinGoogleSearchesSurge $BTC
