The worst week of $BTC in 2026 ended with a question: was this the bottom? From highs over $80,000, Bitcoin plummeted nearly 20% in five days down to $59,100 — its lowest level since 2024. The trigger: Strategy (ex-MicroStrategy) sold 32 BTC for the first time in four years to cover preferred dividends, and BTC ETFs saw net outflows of $4,400M over 13 consecutive days. The panic did the rest.
But today the script changes. Strategy repurchased 1,550 $BTC raising $181M in shares. ETFs are starting to see inflows again. And the Fear & Greed Index is at 10 — Extreme Fear — which is historically the level where the strong hands accumulate what retail is selling.