Analyst says ‘Big Short’ Michael Burry’s warning is real, Bitcoin may crash 50%

Group 1: Market Analysis - Michael Burry's remarks on financial bubbles are considered highly accurate, particularly regarding the AI and crypto bubbles [1] - The perception that Bitcoin is immune to bubbles due to its decentralized nature is challenged, as it remains susceptible to human greed and liquidity shocks [1] - Current market conditions may indicate the beginning of a potential 50% correction in Bitcoin prices [1] Group 2: Michael Burry's Background - Michael Burry is the founder of Scion Asset Management and gained fame for predicting the 2008 housing market collapse, a story depicted in "The Big Short" [2] - Burry has a history of making contrarian investment calls that often defy market consensus but have proven to be accurate over time [2][3] Group 3: Recent Market Movements - Bitcoin is currently trading near $99,400, having lost the critical support level of $101,400, which may indicate a shift towards a broader downtrend [5] - The Crypto Fear & Greed Index has dropped to 24, indicating "Extreme Fear," the lowest level since early 2023, down from 60 just a month ago [7] - Investor sentiment has rapidly changed, with some suggesting that buying during periods of fear can be a profitable strategy [7]