Michael Burry, known for his role in "The Big Short," has drawn parallels between Bitcoin's current decline and the 2022 bear market. Burry shared a chart on the X platform, highlighting Bitcoin's fall from approximately $126,000 to $70,000, likening it to the 2021-2022 downturn when Bitcoin dropped from $35,000 to below $20,000. While Burry did not specify a target price, some market participants speculate a potential risk range around $50,000 based on similar decline ratios. However, the comparison has sparked debate, with some questioning the validity of using a single historical cycle as a reference. Critics note that the current market environment, influenced by factors such as institutional liquidity from spot Bitcoin ETFs and changes in market leverage, differs significantly from the previous cycle.