Bitcoin Faces First Back-to-Back Annual Losses in History, But There's a Catch
Summary
Bitcoin may record consecutive annual losses for the first time if it does not rise above roughly $87,500 by the end of 2026. It fell 6.34% in 2025 and was down about 15.65% in 2026 at the cited November 10 price of $73,850, requiring an approximately 18.5% recovery to finish the year positive. The combined calendar-year decline is around 21%, milder than past bear-market losses, though the drop from an October 2025 peak near $126,000 to below $58,000 exceeded 50%. Institutional investors, spot ETFs and deeper liquidity may contribute to smaller drawdowns, but do not prevent sharp crashes.
