BitcoinBTC-USD
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Coin BureauPrivate± Mixed
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Dan Krupka, founder of Connection Capital and former research head at Coin Bureau, is calling for caution and a fourth-quarter crash even as Bitcoin pushes back toward $86,000. Krupka, who laid out 2026's rhythm for subscribers on January 1, sees the current move as the tail end of a textbook relief rally setting up a brutal liquidity trap in the fourth quarter. He expects one last squeeze, with Bitcoin running another 20% to 30% to the $96,000 zone, Ethereum squeezing into overhead supply between $3,300 and $3,500, and Solana pushing up to $140 to $160, before momentum exhausts and a sharp retracement follows. On the macro side, he points to the US Dollar Index pressing resistance at its monthly Bollinger Band, warning that a breakout would drain liquidity from risk assets, and he notes warnings from Warren Buffett in mid-September and Michael Burry throughout 2026. Krupka says a standard 50% retracement would put Bitcoin back between $30,000 and $40,000, and he advises watching how price reacts around $96,000 rather than mistaking a mechanical bear market rally for a new supercycle.