Just caught that Bitcoin couldn't hold above 70k back in mid-February and dropped to around 68.8k. A lot of the usual suspects are now talking about a potential major correction coming through 2026. I was looking at what some of the bigger names are saying about this.

Michael Burry, the guy who called the 2008 housing collapse, just put out a pretty bearish take. He's noting that BTC has already shed about a trillion in market cap over a few months and is down roughly 50% from its October peak. He thinks we haven't hit bottom yet and is warning about a potential death spiral scenario. Standard Chartered also downgraded their Bitcoin price forecast from 150k down to 100k, with a possible floor around 50k this year. Some crypto analysts are even more pessimistic, suggesting we could see 40-50k if the cycle follows the pattern from 2018 and 2022.

The broader market is feeling it too. Ethereum tanked hard that day, and most altcoins are down 2-3% as well. The whole crypto market cap dropped by nearly 2% in that period. If these cycle predictions hold, we might not see a real bottom until mid-to-late 2026. Definitely watching how this plays out.