Anthony Scaramucci, founder of SkyBridge Capital, urged Bitcoin holders to stay calm after BTC slid below $70,000, posting that the asset does not reward being early but rather rewards those who remain "solvent, unlevered, and psychologically intact."
Scaramucci published the message on X on February 4, 2026, as Bitcoin dropped to $70,981.78 with a 7.21% decline over the prior 24 hours. The Fear & Greed Index sat at 16, deep in Extreme Fear territory.
Bitcoin doesn't reward being early.
— Anthony Scaramucci (@Scaramucci) February 4, 2026
It rewards staying solvent, unlevered, and psychologically intact.
Source: @Scaramucci on X
The phrasing "stay calm" is a paraphrase of Scaramucci's actual words, according to the original headline tip. His direct post focused on solvency, leverage discipline, and psychological resilience rather than a simple call for calm.
Why the Message Landed During a Selloff
Bitcoin had been dragged below the $70,000 level when Scaramucci posted, a move that Benzinga reported coincided with broader market volatility. The selloff pushed leveraged traders toward liquidation thresholds, making Scaramucci's emphasis on being "unlevered" particularly pointed.
At the time of his post, BTC was trading at $70,981.78, down 7.21% in 24 hours. The current snapshot shows Bitcoin at $71,030 with a market cap of roughly $1.42 trillion and 24-hour trading volume near $30 billion.
This was not Scaramucci's first public defense of holding Bitcoin through turbulence. In a December 2025 Trustnet interview, he compared Bitcoin's volatility to Amazon's early trading years and disclosed that he had purchased four BTC for his family trust earlier that month.
The broader crypto market has faced sustained selling pressure in recent weeks. Altcoins sank alongside Bitcoin during earlier rounds of the drawdown, with risk sentiment deteriorating across the board.
What Bitcoin Holders Should Watch Next
Scaramucci's core argument is that Bitcoin rewards patience and discipline, not timing. His December comments reinforced that view: he was still buying the asset on dips even as prices swung, treating volatility as a feature of the asset class rather than a reason to exit.
For holders weighing their next move, the Fear & Greed reading of 16 suggests the market is pricing in maximum pessimism. Historically, Extreme Fear readings have coincided with periods where institutional holders like SpaceX maintained their BTC positions rather than selling into weakness.
The practical takeaway from Scaramucci's message is structural: leverage amplifies drawdowns, and overleveraged positions are what turn temporary dips into permanent losses. Holders watching the $70,000 level should focus on whether they can sustain their position size through further volatility without forced selling.
Meanwhile, the broader market environment remains fragile. Sharp declines in speculative tokens suggest risk appetite has not yet stabilized, even as Bitcoin's own drawdown has moderated from its worst levels.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.