In mid-March 2026, Bitcoin fell to around $66,500, cutting in half from its highs.

Market sentiment swung from greed to fear in seconds, liquidation news kept coming, and the bulls who had been shouting "never stop falling" all went quiet.

Why did it fall so hard?
First, macroeconomic liquidity is tightening, Fed rate-cut expectations are wavering, and under high interest rates, risk capital is fleeing across the board.
Second, institutions are taking profits at elevated levels; once price breaks key support, leverage liquidations and algorithmic trading hit the market together, creating a stampede.
Third, the halving effect is slowly fading, and historically, the second year after a halving tends to see deep corrections.

Many people say Bitcoin is just a game of musical chairs.
But you need to distinguish: price is short-term, value is long-term.
The 21-million cap hasn't changed, the institutional allocation trend hasn't changed, and global consensus is only strengthening.
This decline looks more like a market self-cleaning, squeezing out leverage and bubbles.

Finally, what everyone cares about most: can you buy the dip now?
Abandon the fantasy of buying at the absolute bottom—no one can time it perfectly.
Stop scrolling social media; look at data instead: ETF flows, macroeconomic liquidity, whether the market has stopped falling.
When sentiment is particularly pessimistic, but price stops making new lows, that's the more prudent opportunity.

Investing isn't about gambling—it's about maintaining discipline, understanding cycles, and managing risk.