SkyBridge managing partner Anthony Scaramucci said Bitcoin’s bear market still fits a four-year cycle framework and may stay volatile for most of the year before turning higher in Q4 2026. He added that ETF inflows and institutional participation have reduced volatility without fully eliminating cyclical behavior, and cited the prior drop from about $126,000 to $60,000 as an example of sentiment getting upended.

Bitcoin (BTC) traded below $69,000 on Sunday after a weekend drop toward $68,000, putting focus back on the 200-week EMA near $68,300. In the prior 24 hours, more than $300 million in longs and nearly $100 million in shorts were liquidated. Analysts also pointed to a daily-chart “golden cross” (21-day SMA over 50-day SMA) as a possible source of short-term relief.

The Pentagon has asked the White House for $200 billion in additional funding for the Iran war, an amount that translates to 2,915,451 BTC at a Bitcoin price of about $68,600. The comparison is presented as a sizing tool rather than a claim that the US would fund military spending with crypto. The article also contrasts the implied BTC figure with holdings reported for the US government, major funds, corporates, and Binance, plus Bitcoin's remaining issuance.

Michael Saylor posted "The Orange March Continues" on March 22, 2026, hinting Strategy could soon disclose another large Bitcoin purchase as its holdings sit around 761,068 BTC. The company is down more than $5.28 billion on an unrealized basis, equal to about a 9.12% portfolio drawdown, while Bitcoin trades near $69,000. Recent buys disclosed in March ranged from 3,015 BTC to 22,337 BTC, adding to speculation that a 104th purchase may be reported next.

Market analyst Aksel Kibar says Bitcoin's rebound may be a technical trap within a broader downtrend, after BTC failed to hold last year's highs near $127,000. With price around $69,200 and below the 365-day moving average, he warns a "rising wedge" breakdown could send BTC toward $60,000, and potentially into a $52,000-$48,000 zone.

On March 22, 2026, Michael Saylor posted on X that the "Orange March" is continuing, alongside a chart showing MicroStrategy's Bitcoin reserves valued at more than $52 billion. The company holds over 761,000 BTC, with an average purchase price around $75,696, while Bitcoin was trading near $68,800 after nearly a 3% drop in the prior 24 hours.

Bitcoin's long stretch of negative correlation with the S&P 500 is fading as sentiment in both markets sinks into "extreme fear." The S&P 500 Fear and Greed Index fell to 16 while Bitcoin's gauge dropped to around 12, alongside BTC pulling back from above $100,000. The shift follows October's deleveraging that cut open interest sharply, leaving price action more dependent on real inflows than leverage.

Bitcoin's network hashrate fell below 1 ZH/s for the second time in 2026 as difficulty was cut by nearly 8% at block 941,472 on March 20, 2026. The adjustment brought difficulty to 133.79 trillion and the network's computing power to 933.51 EH/s. Large miners are increasingly redirecting energy and data-center capacity toward AI workloads as profitability pressure persists.