Placeholder partners outline a Bitcoin "vacuum zone": below $50,000 or the "BTC is dead" narrative may reemerge

Placeholder partner Chris Burniske posted on the X platform stating that he is currently not a buyer, but believes that key Bitcoin price levels worth noting include: 1. Approximately $80,000: This is the low point in November 2025, a local low in this round of "bear market." 2. Approximately $74,000: This is the low point in April 2025, also the low of the "tariff panic," slightly below the cost basis of Strategy (around $76,000). 3. Approximately $70,000: The top of the $50,000-$70,000 range is roughly close to the high point of 2021. 4. Approximately $58,000: This is the 200-week simple moving average (SMA) and on-chain cost basis. 5. Approximately $50,000 and below: This is a psychological bottom price level, below which the narrative of "BTC is dead" will resurface.

Chris Burniske stated that if the market rebounds from the current position, he will continue to hold existing assets and diversify his portfolio; if the market declines, he will purchase more Bitcoin and specific crypto assets.