# Hilbert CIO Sets Bitcoin’s $65,000 Risk Below $71,900 Support

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53221
Published: 2026-11-10T16:41:55.000Z
Updated: 2026-11-10T16:41:55.000Z
Section: Investing

> Russell Thompson tied the conditional downside scenario to financing concerns at smaller AI and chip companies that could lead to margin calls.

Bitcoin (BTC) could move toward $65,000 if support near $71,900 breaks, Hilbert Group Chief Investment Officer Russell Thompson warned, citing concern that financing strain at smaller AI and chip companies could trigger margin calls.

Thompson put Bitcoin at about $74,200 at the time of his assessment. He identified nearer support levels at $72,800 and $72,700, followed by a larger trend line near $71,900. He described $70,000 as a prominent round number with little technical support.

Thompson’s concern was that financing pressure at smaller artificial intelligence and semiconductor companies, alongside possible hedge fund losses, could lead to margin calls. Investors pressed to raise cash might sell holdings they consider less central to their portfolios. Thompson said that “usually means Bitcoin.”

The $65,000 figure is a conditional target in Thompson’s assessment, not an observed price in the note. He gave no timetable for reaching it and did not identify specific companies facing financing pressure. The assessment does not establish that margin calls or forced Bitcoin sales have occurred.

U.S. spot Bitcoin exchange-traded funds recorded about $1.28 billion in net outflows across the five trading sessions from Nov. 2 through Nov. 6. Those withdrawals do not establish a connection to the margin-call scenario Thompson described.

Hilbert Group’s five-factor and six-factor global liquidity measures stood at 2.61 and 3.02, respectively, on Nov. 9. The company’s scale classifies readings below 1 as crisis liquidity and readings above 9 as abundant liquidity, placing both measures between those thresholds.

The U.S. consumer price index rose 0.4% in October from September on a seasonally adjusted basis, following a 0.6% increase in September. Prices excluding food and energy rose 0.3% in October. Thompson had been watching the inflation figures, which were released Nov. 10.

Thompson also said capital that moved from crypto into AI, chips and technology could return if deleveraging occurs and later subsides.