David Hunter, chief macro strategist, warns that Bitcoin could fall to $50,000 after breaking below the $75,000 support level he had previously forecast. He says this view is based solely on technical analysis. Hunter questions the true liquidity in the market, pointing out that the Federal Reserve's balance sheet has shrunk from $9 trillion to around $6.5 to $6.7 trillion, indicating that liquidity from money printing is not as abundant as many believe. He also compares Bitcoin's price behavior to the silver market, where investors rush in after a price surge and then dump when momentum reverses, and says he wants to see Bitcoin survive a global recession before making a final decision on the asset.