Dutch crypto investor Didi Taihuttu, best known as the face of the “Bitcoin Family,” is warning that Bitcoin could still face a sharp correction before any larger recovery begins. A recent Instagram post tied to Taihuttu’s account referenced a possible $40,000 to $50,000 bottom, while broader market commentary around Bitcoin’s new three-day death cross has added weight to the bearish case. (instagram.com)
Bitcoin is currently trading around $68,365, which means a slide to 40,000 dollars would imply a drop of roughly 41 percent from current levels.
The warning centers on a three-day death cross
The bearish argument is built around a technical signal now showing up on Bitcoin’s three-day chart. Multiple market reports over the past week noted that Bitcoin has printed a death cross, with the shorter-term moving average crossing below the longer-term average. Analysts cited by U.Today, TradingView coverage of NewsBTC, and Phemex all said similar formations in prior bear phases were followed by much deeper declines.
One report from Phemex said similar three-day death crosses in earlier bear markets were followed by drops of about 50 percent, which is why the current pattern is drawing so much attention.
Why Taihuttu’s call is getting attention
Taihuttu is not just another anonymous trader making a bearish chart call. He became internationally known after selling nearly everything he owned to go all in on Bitcoin and building a public persona around long-term crypto conviction. The Wall Street Journal profiled him back in 2018, and later coverage from The National News described how he and his family continued buying through major downturns. (wsj.com)
That background is part of why his warning stands out. Taihuttu is still broadly associated with long-term Bitcoin optimism, so a short-term target as low as 40,000 dollars reads less like panic and more like a cycle-based correction thesis.
The macro backdrop is also shaky
The technical setup is arriving at a time when broader market sentiment remains fragile. Reuters reported on March 6 that U.S. equity funds saw their biggest outflows in eight weeks amid geopolitical worries, highlighting the kind of risk-off environment that can pressure Bitcoin alongside other volatile assets.
That matters because Bitcoin has not been trading in isolation. Bloomberg reported last week that Bitcoin’s short-term correlation with the S&P 500 had climbed sharply again, reinforcing the idea that macro stress can still spill directly into crypto.
Self-custody remains central to the Bitcoin Family message
One part of your draft does line up strongly with Taihuttu’s long-running public stance: self-custody. Earlier coverage has repeatedly described how the Bitcoin Family spreads its crypto storage across multiple locations and prefers direct control over centralized custody. In 2021, reports said Taihuttu kept a large share of his holdings in hidden cold-storage locations around the world rather than relying on exchanges or custodians.
That philosophy has become even more mainstream after a string of exchange failures across the crypto sector.
A correction call, not a long-term surrender
The key point is that this is still a correction warning, not a rejection of Bitcoin’s long-term case. Even some bearish technical commentary has framed the death cross as part of a late-stage washout rather than proof that Bitcoin’s larger cycle is broken.
So the real takeaway is not that Bitcoin is “finished.” It is that a fall toward 40,000 to 50,000 dollars is now being discussed by well-known Bitcoin bulls as a realistic downside scenario before the next major leg higher. With BTC near 68,365 dollars, that makes the next few weeks especially important for traders watching whether the three-day death cross turns into a deeper capitulation move.
