Cointelegraph’s market analysis reported that an analyst warned Bitcoin could fall to $23,980 in a worst-case scenario if the US stock market were to crash by 50%. The figure was framed as an extreme downside case rather than a price level that has already been reached.
ETF flows and US demand remain weak
The report pointed to two main signals behind the cautious outlook: weaker ETF flows and low demand from the United States. Together, those indicators suggest that large investors are still approaching Bitcoin with caution rather than committing aggressively to new exposure.
Within that framework, $23,980 stands as the cited worst-case level for Bitcoin. The analysis links Bitcoin’s downside risk with broader US equity market stress, ETF fund flows and demand conditions in the United States, focusing on how institutional behavior and macro asset weakness could shape Bitcoin’s price path.