Bitcoin (BTC) could tumble by over 60% to under $24,000 in 2026, according to technical analyst Jesse Olson, if the stock market experiences a major crash. <\/p>\n
Key takeaways:<\/strong><\/p>\n In a Sunday post<\/a>, Olson shared a two-week Bitcoin chart showing BTC potentially falling toward $23,980, based on a long-term volume-weighted support line from his proprietary Market Sniper Pro VWAP indicator.<\/p>\n BTC\/USD two-week price chart. Source: TradingView\/Jesse Olson<\/em><\/p>\n The yellow line on the chart represents a custom version of anchored volume-weighted average price (aVWAP), a tool traders use to track the average price of an asset, weighted by volume, from a specific starting point.<\/p>\n In Bitcoin\u2019s case, Olson appears to have anchored the line from the 2022 bear market bottom, allowing it to slope forward as a potential long-term support zone.<\/p>\n Olson presented the $23,980 level as his base-case Bitcoin forecast in a severe macro sell-off, wherein the stock market drops by over 50%. The type of stress Olson warns about is already being flagged by veteran market observers.<\/p>\n For instance, GMO co-founder Jeremy Grantham has called<\/a> the ongoing AI market boom<\/a> a major speculative bubble. While Michael Burry has compared<\/a> the current rally to the final stages of the Dot-com mania<\/a>.<\/p>\n Related: <\/strong><\/em>Arthur Hayes dumps HYPE, NEAR as he warns of AI IPO wave<\/strong><\/em><\/a><\/p>\n Economist Gary Shilling has also warned<\/a> that a US recession is \u201calmost inevitable\u201d by year-end, with stocks at risk of a 20%\u201330% decline.<\/p>\n BTC often trades like a high-risk asset during market stress. A deep stock-market sell-off could force investors to cut crypto exposure, turning Olson\u2019s $23,980 level into a key downside level to watch.<\/p>\n Another bearish signal comes from the Coinbase Premium Index, which tracks Bitcoin\u2019s price gap between Coinbase and Binance.<\/p>\n A positive premium usually points to stronger US institutional demand, while a negative reading suggests weaker professional buying or heavier selling on Coinbase. <\/p>\n In Bitcoin’s case, the index has largely remained negative so far in 2026, showing that institutional buyers are still not stepping in with conviction.<\/p>\n Bitcoin Coinbase Premium Index vs. price. Source: CryptoQuant\/Darkfost<\/em><\/p>\n Spot Bitcoin ETFs are showing a similar trend. Since May, the US-based funds have recorded $4.68 billion in net outflows, according to SoSoValue<\/a> data, reflecting weaker demand from professional investors and other ETF buyers.<\/p>\n US Bitcoin ETF net flows. Source: SoSoValue<\/em><\/p>\n “These investors don\u2019t act like retail,” said Darkfost, a CryptoQuant-associated on-chain analyst, in a Sunday post<\/a>, adding: <\/p>\n “They operate under permanent risk management logic, they\u2019re not looking to buy a potential bottom, they\u2019re looking for confirmation, for performance. And that\u2019s not the case yet.”<\/p><\/blockquote>\n In the past, multiple analysts, including Galaxy Digital’s Alex Thorn<\/a> and pseudonymous trader Crypto Kid<\/a>, have said Bitcoin could decline below $30,000 in the event of a stock market crash.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) could tumble by over 60% to under $24,000 in 2026, according to technical analyst Jesse Olson, if the stock market experiences a major crash. Key takeaways: A US stock market crash of over 50% may accelerate BTC’s sell-off. Negative Coinbase premium and persistent ETF outflows hint at de-risking among institutional investors. Bitcoin chart […]<\/p>\n","protected":false},"author":2,"featured_media":431549,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-431548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=431548"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431548\/revisions"}],"predecessor-version":[{"id":431550,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/431548\/revisions\/431550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/431549"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=431548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=431548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=431548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Bitcoin chart flags $23,980 worst-case downside target<\/h2>\n
Bitcoin institutional demand remains weak<\/h2>\n
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