CoinDesk Podcast Network Trader Warns of 'Pandemonium' if Bitcoin Breaks This Critical Price Level
Oct 3, 2025
Don Kaufman, co-founder of TheoTrade and a savvy market commentator, offers invaluable insights into the shifting dynamics of bitcoin and the markets. He warns that if bitcoin dips below critical price levels, panic selling could ensue. Kaufman also discusses potential impacts of a U.S. government shutdown on traders, the inflationary risks of Trump's proposed tariff dividend, and the evolving correlation between bitcoin and high-beta stocks like Nvidia. Prepare for a market shake-up!
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Bitcoin Losing Autonomy
- Bitcoin's trading behavior is changing as crypto becomes listed alongside stocks and options on major platforms.
- That cross-listing increases correlation with high-beta stocks and reduces Bitcoin's autonomy as an asset.
Treat $110K As A Critical Line
- Watch the $110,000 level closely because a break below it could trigger rapid selling and panic.
- Position sizing and risk controls are essential given the potential fast drop to $100,000 if 110k fails.
Rally Looks Like A Squeeze
- The current rally in Bitcoin feels like a short squeeze rather than a sustainable bull move.
- A prolonged government shutdown could spark S&P turmoil that bleeds into crypto given higher correlations.