Bitcoin (CRYPTO: BTC) faces renewed selling pressure after breaking below $75,000, with veteran investor Mark Yusko warning that recovery trend has weakened amid concerns over Strategy’s (NASDAQ:MSTR) potential exclusion from major indexes.
In an interview with crypto commentator Scott Melker, Yusko said Bitcoin’s latest decline has disrupted the pattern of higher highs and higher lows that had supported its recovery.
Yusko, founder of Morgan Creek Capital Management, said Bitcoin had been transitioning from a distribution phase into an accumulation phase.
However, the recent break below $75,000 has raised concerns about whether that recovery can continue.
“A lower low is a lower low,” Yusko said, emphasizing that technical weakness matters regardless of the catalyst.
He identified several factors contributing to Bitcoin’s decline:
- Stock market leverage: Heavy exposure to leveraged ETFs and options has increased the risk of forced selling.
- Margin calls: Investors facing losses in equities may sell liquid assets such as BTC and gold to raise cash.
- Algorithmic trading: Momentum-driven selling could amplify Bitcoin’s decline.
- Hedge fund deleveraging: Yusko suggested that reduced risk-taking at major trading firms could add pressure.
Could Strategy’s Index Exclusion Hurt Bitcoin?
Mark Yusko discussed concerns over Strategy (NASDAQ:MSTR) potentially being excluded from MSCI indexes, with estimated fund flows of $3 billion to $8 billion at risk.
He questioned why Strategy should face different index rules than investment-heavy companies like Berkshire Hathaway.
Although, the estimates reflect potential exposure, not confirmed selling, with the impact depending on index providers and passive investors.
Bitcoin Remains An Attractive Buy
Yusko continues to favor Bitcoin’s historical four-year market cycle despite the technical breakdown.
He sees Bitcoin has moved from its bear-market winter into a volatile spring phase, with stronger upward momentum potentially emerging in 2027 ahead of the 2028 halving.
Yusko suggested that Bitcoin could remain attractive for long-term accumulation even if prices decline toward $69,000 or $65,000.
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