Cointelegraph reported in a market analysis that an analyst warned Bitcoin’s price could fall to $23,980 in a worst-case scenario if the US stock market crashes by 50%. The figure was presented as an extreme downside level tied to a severe equity-market decline, rather than as a baseline price target.
The report said the pressure around Bitcoin is also reflected in weaker exchange-traded fund flows and low demand from the United States. These conditions indicate that large investors are still cautious, with ETF flows serving as one of the indicators used to assess institutional participation in Bitcoin exposure.
Under this framework, the $23,980 level represents the worst-case outcome discussed in the report. The main factors cited were weaker ETF inflows, subdued US demand and the continued caution of big investors toward Bitcoin amid broader risk-market stress.