Bitcoin's Rainbow Checkpoint Just Flipped to 'Fire Sale' (Again, Because Of Course It Did)

Bitcoin ($BTC) has dipped below the 'Fire Sale!' zone on the Rainbow Chart—the first time since the FTX-induced capitulation in late 2022. As of March 31, the flagship crypto was trading in extremely oversold territory, suggesting it may have already hit its 2025/2026 bear market bottom—or come dangerously close to it. For those who missed the memo, the Rainbow Chart is that delightfully simple tool that tells you when to YOLO and when to touch grass.

Nearly 23 months after the fourth Bitcoin halving, a return to this zone could be a macro-dip buying opportunity. If history repeats itself in 2026, $BTC might be gearing up for a fresh bull run. For the degens keeping score at home, this is basically the universe handing you a discount code—assuming you have any fiat left after the last three rug pulls.

Bitcoin has also remained below the 'BUY!' band since capitulating below $60,000 earlier this year. For the uninitiated, that's the technical equivalent of watching your favorite coin get benched from the starting lineup. The price is effectively doing the crypto equivalent of sitting in the corner at a party, nursing a drink and wondering what went wrong.

Why the plunge? Rising institutional selling pressure is the main culprit. Mara Holdings (NASDAQ: MARA) recently