'Big Short' Micheal Burry spots 2022 vibes in bitcoin crash

The ‘Big Short’ investor compared the current slide with a one-time past cycle breakdown that saw BTC lose nearly half its value before stabilizing. What to know : Michael Burry, famed for "The Big Short," shared a bitcoin chart comparing the current pullback to the 2021–22 slump, suggesting the possibility of a deeper reset before a durable bottom. The earlier cycle saw bitcoin slide from about $35,000 to below $20,000, which some interpret as implying potential downside toward the low $50,000s at today’s price levels. Analysts are divided over the validity of the analogy, noting that the prior crash occurred amid Fed tightening and retail-driven leverage, while today’s market is shaped by spot ETFs, institutional liquidity and broader cross-asset volatility.