Veteran crypto investor @michaelterpin reveals that he isn't convinced $BTC has found its bottom yet, suggesting there could still be more downside ahead, with prices potentially falling into the $40,000 range. "One of the defining hallmarks of the bottom is that it doesn't pop

What happened

Veteran crypto investor Michael Terpin said he does not believe Bitcoin (BTC) has reached its bottom yet and warned that the price could fall further, possibly to around $40,000.

Confirmed

Global impact / market context

If Bitcoin drops to $40,000, it could trigger more selling pressure across the crypto market, affect investors’ confidence, and influence the valuation of related digital assets and companies.

Analyst inference

Bitcoin’s recent price stability has been viewed by some as a bottom, but Terpin’s warning suggests the rally may be fragile, keeping the broader crypto market in a cautious stance.

Analyst inference

What to watch

1. Bitcoin price movements toward the $40,000 level, which would confirm further downside risk. Analyst inference
2. Trading volume on major crypto exchanges, as higher volume could signal stronger selling pressure. Analyst inference
3. Sentiment on social media platforms, especially comments from influential investors, which may sway retail participation. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com