Crypto investors were told to stay calm after Bitcoin fell into the $72,000 range over the weekend. Bitcoin dropped sharply, but some experts say the long-term outlook has not changed.
Investor Anthony Scaramucci urged holders not to panic. He said price swings may affect emotions, but they do not change the asset itself.
In a post on X, Scaramucci said Bitcoin once reached $126,000, yet investors now feel negative at much lower levels. He argued that the asset remains the same despite changing market sentiment.
He added that a person who owned one Bitcoin before the rally still owns one after the drop. His message focused on keeping a long-term view instead of reacting to short-term losses.
The price fall triggered heavy liquidations across the market. Nearly 120,000 traders were forced out of positions within 24 hours, as leveraged bets turned against them.
Most of the losses came from traders betting on higher prices. Data showed that long positions made up the majority of liquidations, highlighting the risks of using leverage in volatile markets.
The sell-off also added to wider concerns about a possible bear phase. Scaramucci has previously said the market is under pressure and may take time to recover.
He has lowered his earlier price target for Bitcoin and pointed to slower adoption among older investors as one reason. Still, his message remains consistent.
Scaramucci said investors should ignore short-term noise, avoid risky leverage, and stay focused on the bigger picture.
