In a recent Cointelegraph interview, Bitcoin veteran Samson Mow breaks down why the market plunged, what’s keeping sell pressure intact, and which factors could spark a recovery.
Mow points out that Bitcoin’s constant, 24/7 global liquidity makes it uniquely exposed to fast downside moves that traditional markets—closed at times and deeper in some instruments—can sometimes avoid. That continuous trading environment, he says, amplifies forced liquidations and momentum-driven selling, and changes in investors’ risk appetite can quickly accelerate price declines.
The discussion covers how leverage and stop-loss cascades deepen crashes, and how momentum traders can turn a drift into a rout. Mow also considers cross-asset flows: recent strength in gold and silver could reflect capital rotating out of crypto, or simply different investor preferences, and such rotations may influence Bitcoin’s near-term direction.
On the so-called “quantum threat” to cryptography, Mow assesses the realistic timeline and risk. He argues the danger is not imminent, but the industry should prepare — through algorithm upgrades and coordinated responses — to mitigate future risks if quantum computing advances faster than expected.
The interview closes with a revisit of Bitcoin’s long-term case. Is price appreciation an inevitable consequence of fiat devaluation? Mow suggests that while monetary debasement is a factor, the outcome isn’t automatic: macro conditions, liquidity, flows, market structure and adoption dynamics will jointly determine Bitcoin’s path.
This interview has been edited and condensed for clarity. To watch the full conversation, view the complete interview on our YouTube channel.