Cointelegraph reported in a market analysis that an analyst warned Bitcoin could face a worst-case move toward the $24,000 area if the US stock market were to crash by 50%. The specific downside level cited in the report is $23,980, placing the scenario just below the widely watched $24,000 mark.
The analysis points to weaker Bitcoin ETF flows and low US demand as the main signals behind the cautious view. According to the report, these conditions show that large investors are still cautious rather than aggressively increasing risk exposure.
The $23,980 figure is presented as a worst-case scenario, not as a price that has already occurred. The core focus of the article is the connection between a severe US equity-market decline, softer ETF demand, and subdued buying interest from the United States.