Bitcoin advocate Samson Mow is outlining two possible scenarios for Bitcoin (BTC) as the crypto king hovers below the all-time high reached earlier this week.
Mow warns his 352,200 followers on X that if Bitcoin undergoes a “Godzilla or Omega” rally and sucks “all the oxygen out of the room,” altcoins could fall by 30% to 40%.
In the second scenario, Mow says,
“Altcoin mania peaks, triggering a massive sell-off as the Bagholder’s Dilemma loses equilibrium, BTC goes down briefly then up again, as altcoins tank.”
The Bagholder’s Dilemma refers to a psychological trap where an investor holds onto a rapidly depreciating cryptocurrency, refusing to sell in the hope that the price of the asset will recover
Turning to Ethereum (ETH), Mow says it is “impossible” for the asset’s market cap to equal the value of 4.6 million BTC.
“This has to correct sooner or later.”
Ethereum is trading at $4,642 at time of writing, while its market cap stands at a little over $540 billion.
According to the Bitcoin advocate, the unstaking of Ethereum could catalyze a correction in the second-largest crypto asset.
“Ethereum still has to come down a lot more. There’s around $3 billion in ETH that is being unstaked right now, which is a tedious process (by design) whereby you have to queue first and then withdraw. Once the floodgates open, I expect ETH/USD to drop massively.”
In the case of the Ethereum/Bitcoin (ETH/BTC) pair, Mow says it could drop by around 21% from the current level.
“The flippening will never happen, but the unstakening is coming.
As of August 14, 2025, there are currently 768,400 ETH in the Ethereum validator exit queue. That’s roughly $3.5 billion.
ETHBTC could revert to 0.03 [BTC] or lower.”
At time of writing, ETHBTC is trading at 0.038 BTC.
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