Bitget CEO Reveals 3 Reasons Why Bitcoin Could Crash To $50K

Despite the long-term bull market sentiment around Bitcoin (BTC), it has seen renewed selling this week. Bitget’s CEO Gracy Chen explained a number of conditions that may lead to BTC price crash to $50,000.

Bitget CEO Explains Current Bitcoin Market Condition

At the time of writing on Thursday, Bitcoin traded at $62,645.23 with a 6.69% drop in the last 24 hours. The selling pressure came after a massive downtrend where BTC price fell below important levels of technical support.

As a result, in a note on X, Chen stated that one of his biggest fears is the continued downtrend in spot Bitcoin ETF flows. She said,She noted that “Spot ETFs have seen net outflows for 13 straight days, totaling $4.37 billion—the longest continuous outflow streak in history.”

The Bitget CEO added that persistent fund withdrawals are putting stress on the market at a time when investor sentiment is already fragile. Citigroup analysts also shared an identical review of the market.

Bitcoin’s technical failure was another reason spotlighted by Chen. “BTC has broken below the monthly EMA50 support at $65K,” she wrote. Thus, Chen hinted at a further downturn as the bearish sentiment gained momentum. “The next key support is at the SMA50’s $59K, and below that, the $52K–$48K range.”

Meanwhile, Mt. Gox’s BTC movements are also weighing on the market.

Macro Factors In Play

However, the overall capital market conditions are also impacting Bitcoin’s performance, Chen added. BTC has been in trouble, though, while major U.S. equity indices have been going up, she said. “The more fundamental issue is that BTC is falling, while on the other side, the S&P and Nasdaq are hitting new highs,” she added.

While crypto assets have been a top focus for institutional investors, they are also looking to invest in AI-related opportunities, says Chen. Previously, Ripple affiliate SBI Holdings Chairman Yoshitaka Kitao also echoed this narrative.

Moreover, Strategy’s Michael Saylor also supports this idea. On X, he wrote, “Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.”

那个说过卖肾不卖币的男人终于都卖币了
现货ETF连续13天净流出，累计$43.7亿，是历史最长连续流出纪录
BTC跌穿了月线EMA50支撑的$65K

我不是在看空。我只是觉得，该说的风险不能装没看见。… https://t.co/Sj0Y8zanys pic.twitter.com/2f0QxTKJYM

— Gracy Chen @Bitget (@GracyBitget) June 4, 2026

Meanwhile, Chen also referenced macroeconomic and market-specific factors. These include inflation worries and the possibility of Fed rate cuts being delayed. Further, she referenced upcoming public listings from companies like OpenAI, Anthropic, and SpaceX that could draw investor money.

While outlining bearish risks, Chen stated she is still bullish on Bitcoin in the long run. However, she warned that investors need to be mindful of market pressures. She added that “being bullish doesn’t mean ignoring risks.”

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