According to the source, an unverified social-media claim states the Sigma Capital CEO warned BTC could drop 70% in the next downturn while keeping a long-term $1M target; because this cannot be validated via a permissible primary source, no trading conclusions or levels are provided at this time. Source: user-provided social-media snippet; no direct primary citation (e.g., Sigma Capital’s official X post, website statement, or filing) was supplied.