Hunter Sees BTC Slumping to $50K Amid Liquidity Concerns

Bitcoin analyst Natalie Brunell recently asked David Hunter, Chief Macro Strategist, about his outlook on Bitcoin's price. According to Hunter, he had previously warned that Bitcoin could fall from above $100,000 to $75,000, a call that played out.

Hunter attributed the cryptocurrency's underperformance alongside gold to a lack of liquidity in the market. He questioned whether the market actually has the level of liquidity many investors believe, saying 'We shrunk the balance sheet here from nine trillion down to six and a half, or 6.4 now or 6.7, I think.'

When asked about his technical analysis, Hunter stated that he had taken a position on Bitcoin above $100,000, but warned investors to be cautious of his forecast due to his lack of close involvement with the asset.

'I'm bearish Bitcoin, but I'm the first one to tell you I don't follow it. So people should take that with a grain of salt, strictly a technical read,' he said.