Anthony Scaramucci has urged Bitcoin investors to stay calm after the asset dropped into the $72,000 range, stressing that market sentiment—not the asset itself—has changed.
Summary
Anthony Scaramucci advised Bitcoin holders to remain composed despite the recent price drop.
The sell-off triggered nearly 120,000 liquidations, with leveraged long positions taking the biggest hit.
He emphasized that Bitcoin’s fundamentals remain unchanged despite bearish sentiment.
‘Bitcoin hasn’t changed’
The SkyBridge Capital founder shared his view on X, telling investors not to let short-term volatility shake their conviction.
He noted that while Bitcoin previously climbed to $126,000, the current drop to around $72,000 has only impacted sentiment—not the asset itself. His message highlighted a key idea: if an investor held one Bitcoin before the rally, they still hold one now.
Scaramucci urged investors to separate emotional reactions from long-term fundamentals and avoid making decisions driven by fear during downturns.
Liquidations shake the market
The recent sell-off saw Bitcoin fall sharply, briefly touching lows near $71,349 during weekend trading.
This move triggered widespread liquidations across the crypto market:
Nearly 120,000 traders were liquidated within 24 hours
Around $189.85 million in losses occurred over 12 hours
Leveraged long positions accounted for approximately $132.80 million of those losses
The heavy liquidation of long positions amplified the downward pressure and contributed to the negative market sentiment.
Bear market concerns persist
Anthony Scaramucci has previously indicated that the crypto market is in a bear phase, shifting his outlook to a more cautious stance.
He recently lowered his Bitcoin cycle target from $170,000 to $150,000, citing slower momentum and what he described as “demographic tension,” where adoption remains driven largely by younger investors.
Despite these concerns, his latest message remains consistent: ignore short-term noise, avoid excessive leverage, and stay focused on long-term fundamentals.
