Placeholder Partner: We haven't started buying yet, but we will continue to add to our BTC and other crypto assets should the market crash.

On January 26, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, stated that he has not yet started a new round of buying, but will consider adding to his BTC and some selected crypto assets if the market experiences a significant correction. Burniske pointed out that from a buyer's perspective, key price ranges for BTC to watch include: approximately $80,000 (the low point in November 2025, a temporary low in this cycle); approximately $74,000 (the low point in April 2025, formed during the "tariff panic," slightly below MSTR's cost price of approximately $76,000); approximately $70,000 (the upper limit of the $50,000–$70,000 range, close to the 2021 bull market high); approximately $58,000 (near the 200-week moving average, also close to the on-chain realized value of approximately $56,000); and $50,000 and below (the lower limit of the weekly range, with strong psychological significance; a break below this level could reignite discussions about the "death of Bitcoin"). He emphasized that he is not concerned about short-term market fluctuations: if prices continue to rebound from current levels, he will maintain his current positions and gradually diversify his holdings; if the market experiences a sharp decline, he tends to continue adding to his BTC holdings and some crypto assets that he is optimistic about.