'Big Short' Michael Burry: 99.9% of Investors Are Clueless, Are Bitcoiners Too?

Michael Burry warned that “99.9%” of investors misunderstand what they own, a view the article applies to Bitcoin holders amid a recovery from mid‑$60,000s into the mid‑$70,000s. Technically BTC is forming a tightening symmetrical triangle — indecisive action with sellers on strength and buyers on dips — and remains below longer‑term resistance as the 100‑ and 200‑day trends sit above price. Short‑term momentum (RSI) is improving, but a sustained bullish expansion hasn’t been confirmed and the market awaits a catalyst. The piece stresses that Bitcoin now behaves more like a liquidity‑driven speculative asset tied to capital flows, derivatives positioning and macro conditions, implying investors who rely on a fixed narrative may be exposed to downside if liquidity or sentiment shifts.