Placeholder Partner: Has not started buying yet, will continue to increase holdings in BTC and some crypto assets if the market drops significantly

Former Ark Invest crypto head and current Placeholder VC partner Chris Burniske said: "I haven't started buying yet, but if I were a buyer, I think the key price levels for BTC to focus on include:

About $80,000: The low in November 2025, which is also a local low in this bear market;

About $74,000: The low in April 2025, during the tariff panic, slightly below MSTR's cost basis (around $76,000);

About $70,000: The upper end of the $50,000 to $70,000 range, close to the peak of the 2021 bull market;

About $58,000: The position of the 200-week moving average, which is also the on-chain cost range (realized value around $56,000);

$50,000 and below: The lower end of the weekly range, which has strong psychological significance; if this level is broken, the market may again hear claims that Bitcoin is dead.

Importantly, I don't care how the market moves in the short term. If the price continues to rebound from the current position, I will hold my existing positions and gradually diversify; if the market drops significantly, I will choose to continue to accumulate BTC and some selected crypto assets."