“Tulip heads bitten off” refers to the sudden decline of tulip prices that occurred during the Dutch Golden Age. This phrase is used to describe a market crash in which the value of an asset falls rapidly, often due to a combination of speculation, oversupply, and/or a loss of confidence in the asset’s value. The tulip market crash of the 17th century is a classic example of “tulip heads bitten off.” During this period, the price of tulips soared to incredible heights as speculation fueled a buying frenzy. However, the bubble eventually burst, and prices plummeted, leading to widespread financial …