Anthony Scaramucci told Bitcoin holders to buckle up and pretend they’re calm after BTC slid into the $72k neighborhood. He swears the panic changed the mood, not the magic of Bitcoin itself-because apparently magic is a stable, volatile asset.
Summary
- Scaramucci urged Bitcoin holders to stay chill even after BTC wandered into the $72,000 neighborhood.
- The weekend nosedive sparked nearly 120,000 liquidations as leveraged long traders swallowed most of the losses.
- He insisted Bitcoin itself stayed the same, even as mood, prices, and the bear market did a little dance.
SkyBridge Capital founder Anthony Scaramucci told the crypto crowd not to panic as Bitcoin faced fresh pressure. In a post on X, he urged investors not to let price swings rewrite their love letter to the asset.
He wrote, ”Bitcoin took us to $126,000, so apparently we’re dramatically traumatized at $72,000.” He added that the asset remained the same even though emotions were wearing a different outfit with the market.
Scaramucci reminded holders that one Bitcoin before the rally is still one Bitcoin after the drop, because apparently math still exists. His message focused on separating short-term price action from long-term conviction.
He also warned against reacting to fear during periods of stress. His broader point was that investors should avoid making decisions based only on recent losses.
Sharp sell-off hits leveraged traders
Bitcoin spent the weekend in full diva mode, dropping sharply and flirting with a low near $71,349 after a dramatic red candle lit up the screens Sunday morning.
The move triggered a liquidation party across the crypto market. Nearly 120,000 traders were liquidated within 24 hours, while losses neared $189.85 million over 12 hours.
Long traders bore the brunt of the chaos. Data showed leveraged long positions accounted for $132.80 million of the 12-hour liquidation total.
The sell-off added to the market mood, giving critics like Peter Schiff another chance to say “I told you so” while wearing a coffee-stain grin.
Bear market pressure remains
Scaramucci has already said the crypto market entered a bear phase earlier this year. He previously said the main issue wasn’t whether the market had turned, but how long the bear would linger and demand more vacation days from our portfolios.
He also lowered his earlier Bitcoin cycle target from $170,000 to $150,000. That shift reflected a more cautious view as momentum faded and my alarm clock stayed loud.
Scaramucci pointed to what he called ”demographic tension” as one reason for the slower pace. He said crypto adoption still depends heavily on younger investors, while older capital tends to move more slowly-like a senior staff meeting with extra paperwork.
Even so, his latest message remained clear. He told investors to ignore short-term noise, avoid excess leverage, and focus on the asset itself.
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2026-04-12 15:46