In recent days, I’ve been observing an interesting situation in the crypto market. Bitcoin has fallen to $77.95K, and this is already the third week in a row in which we’re seeing persistent pressure on the price. Many people compare this to a 50% drop from the October peak at $126.08K, but it’s not just about the numbers.

This is truly a catalyst for many discussions within the community. A report from Citrini Research titled “The 2028 Global Intelligence Crisis” has become one of the main reasons for panic. The document describes how artificial intelligence could displace workers in finance, law, and IT, causing a chain reaction of economic collapse. It sounds like a dystopia, but investors are taking it seriously.

It’s interesting to see the contrast. On the one hand, retail investors are mass-withdrawing funds from spot ETFs. Only in February, they pulled out more than a billion dollars from them. On the other hand, big players like Strategy continue to accumulate. Michael Saylor’s company has just announced the purchase of another $40 million worth of Bitcoin, even though their average purchase cost is already around $76 020 per coin. At the current price, that’s almost $10 billion in unrealized losses. But they are not stopping.

Technically, the situation is tense. The key level of $65 000 has been broken; now everyone is watching the psychological support at $50 000. If this level doesn’t hold, the price could fall significantly lower. Some analysts predict even larger corrections if the “AI bubble” really bursts.

But there’s also an alternative point of view. Arthur Geys from Maelstrom claims that if AI truly causes mass unemployment, the Federal Reserve (ФРС) will be forced to print money in unimaginable volumes. In such a scenario, Bitcoin—being a limited asset—could become a real beneficiary. This is a different kind of catalyst—not panic, but liquidity.

Macroeconomic factors are also weighing on the market. New tariffs, geopolitical tensions, capital rotation from cryptocurrencies into chip manufacturers—all of this creates a complex puzzle. The price of Bitcoin has become a barometer for this uncertainty.

Honestly, the current situation is a reminder that crypto is still a high-risk asset class. The fact that some institutions continue to buy during panic shows their confidence in long-term value. But for most, it’s a test of nerves. The market is searching for a new equilibrium, and the coming weeks will be critical in determining whether this is just a correction—or something more serious.