Just noticed Michael Burry dropped another warning about Bitcoin, and honestly it's hard to ignore given his track record shorting the 2008 housing crash. The guy's basically saying corporate holders are sitting on a potential death spiral if BTC drops another 10% from here. Right now Bitcoin is hovering around $66.8K after testing lower levels, and Burry's pointing out that if prices keep sliding, major corporate balance sheet holders could get forced into selling just to survive. His net worth and reputation in finance give this thesis real weight in the market.

What caught my eye is the spot outflow data from Coinglass showing $54.45M leaving exchanges over the past couple weeks. That's not accumulation at dips, that's distribution. If Burry's right and we see corporate forced selling kick in, those outflows could turn into a cascade pretty quick. The technical picture isn't helping either - Bitcoin's been in a descending channel since October, RSI hit oversold at 28.75, and every bounce keeps running into resistance. If support at $74K breaks, the next real floor is way down at $65K. The risk here is real if the corporate selling thesis plays out.