Bitcoin is getting absolutely crushed right now. As I’m typing this BTC is sitting around $67,000 from after dipping under 61k a few days ago. That’s nearly 50% from the October 2025. The whole crypto market lost about 2 trillion in value since the top. It thing is starting to feel like 2022 all over again, except its dipping way faster. I’m not a bitcoin expert but it seems like a bunch of whales are dumping at the same time, and it’s creating a nasty reaction of panic selling.
Governments are moving. China has been steadily reducing their U.S. Treasury holdings ,and there’s speculation that Russia and some other countries are rebalancing away from US dollar assets. No one’s confirmed massive direct BTC dumps from governments lately, but the U.S. still holds a ton of seized coins from old cases, and bitcoin enthusiasts are making claims that they are selling off.
Then you’ve got these massive institutions, BlackRock’s IBIT ETF saw insane $10 billion+ in trading volume during the drop but they were more or less all outflows. Some wallets linked to Blackrock sent hundreds of millions in BTC and ETH to Coinbase recently, and a lot of traders are reading that as pre-sale positioning or just alot of selling pressure. And then there’s Strategy, Michael Saylor’s company is sitting on 700,000+ BTC, worth about $50 billion at today’s rate. They bought most of it at an average around 76k per coin, so right now they’re underwater by billion in unrealized losses. The stock is down over 60% from its highs, and they’ve got debt payments to make. Saylor keeps saying they’re “not selling” and will keep buying forever, but if BTC falls another 20–30% Saylor is cooked. Things could get really ugly for him and his investors. On top of all that Trump’s “crypto friendly” promises haven’t turned into actual policy yet, Fed rate cut expectations are shifting, tech stocks are getting spanked, and a ton of leverage is getting flushed out.
Well newbie, what does this mean for you?
In the short term, it’s ganna sting. More downside is definitely possible if panic selling continues Long term… but Bitcoin has endured worse. The 2018 crash was down over 70%, and honestly it may happen again. Institutional money still points to higher highs eventually. But eventually could mean 12–24 months of sideways pain or worse. Not good if you’re holding Bitcoin ETFs. For companies like Strategy, they’re in a tough spot if this lasts. Saylor’s “buy forever” plan looks genius when BTC is mooning, but being underwater by billions with debt makes him look crazy or even stupid.
So… is now a good time to buy, or should you wait? Honestly, it’s risky no matter what you do. That is the essence of something that isn’t regulated the way fiat currency is and no regulation means any whale can pump and dump and screw your whole investment over if you aren’t careful.
If you believe this is just another cycle bottom, then buying small amounts around $67k isn’t the worst idea. Long term holders who bought at 50%+ discounts have done pretty well. To me, it’s still a gamble. But if you’re worried about more pain, wait it out a bit longer as there is a possibility it can dip into the 40’s. The middle ground that usually works best for most people: dollar cost average. Buy a little when you can that way you don’t need to find the exact bottom, and you don’t miss the recovery if it comes sooner.
Remember i’m not a financial analyst and this is not advice so only use money you can truly afford to lose. Don’t bet the farm on it !!