📉 Bitcoin Below 110K? Xapo Bank CEO Says It's Coming — No Apocalypse Required

Forget black swans. Human psychology might be enough to tank BTC.

Just when you thought Bitcoin was cruising into a permanent bull cycle, the CEO of Xapo Bank, Seamus Rocca, throws cold water on the parade.

His message? Don’t blame macro events. Blame us. The selloff is coming — and it’s all part of the cycle.

“Bitcoin is still a risky asset. The cycle isn’t dead. It’s just human nature playing out again.” — Rocca, via Cointelegraph

🧠 Bitcoin = Risk Asset (For Now)

Yes, we all want to believe BTC is a digital Fort Knox — an inflation hedge, a sovereign reserve currency, or even “internet gold.”

But Rocca says, not yet.

Bitcoin still trades in sync with the SP 500, reacts to macro news, and surges or dips based on sentiment — not fundamentals. Which means it behaves more like tech stocks than digital gold.

And when the vibes change? So does the price.

⚠️ What’s Driving the Potential Drop?

According to Rocca, we’re entering a textbook sentiment softening phase:

• Portfolio rebalancing after BTC’s recent highs
• Less positive Bitcoin news to drive momentum
• Institutional traders pulling risk in Q3
• Rising leverage + retail euphoria = fragile price floor

This isn’t about nukes, Fed meetings, or ETFs — it’s the good old contagion effect. And if sentiment cracks? BTC below 110K could be the new base.

🌀 The 4-Year Cycle Isn’t Dead — It’s Just Evolving

Despite what institutional bulls want to believe, the OG Bitcoin cycle is alive and well. Halving. All-time highs. Overexcitement. Correction. Repeat.

Rocca isn’t alone here. Bitcoin author Aleksandar Svetski and educator Matthew Kratter both agree: The real driver isn’t macro or tech. It’s people.

Humans are hardwired for hype, fear, greed, and FOMO. Until that changes, the cycles will keep spinning.

🏦 Leverage: The Real Risk Lurking Underneath?

Venture firm Breed adds another layer to the bear thesis: corporate leverage.

Some public Bitcoin treasuries (read: MicroStrategy and its clones) are stacking BTC — but on borrowed money. That’s cool… until prices dip and margins collapse.

Breed warns: overleveraged buyers + falling price = liquidation spiral. Still, they note that equity-based buys (vs. debt) are safer — and could blunt the blow.

💡 TL;DR

• Xapo Bank CEO predicts Bitcoin could drop below 110K — no crash needed.
• Bitcoin still acts like a risky, sentiment-driven asset, not a true inflation hedge.
• The classic 4-year cycle isn’t dead — it’s just doing what it’s always done.
• Market psychology, not ETFs or institutions, is still the main engine.
• Rising leverage and cooling headlines could be the tipping point.