VIEWPOINT: How low could Bitcoin go? According to XWIN Research Japan, a full-blown regional war could send $BTC plummeting 80% to just $10,000. This bearish outlook isn't just about geopolitics. Analysts warn that a high concentration of leveraged CME futures has created a structural vulnerability, ripe for cascading liquidations under market stress. The firm outlines milder scenarios too, with prices potentially sliding to $50k or even $20k depending on ETF flows and conditions.