Bitcoin on Pace for Longest Losing Streak Since 2018 Bear Market
Bitcoin is trading at $67,621, down 1.7% in 24 hours, contributing to a potential fifth consecutive monthly loss—the longest losing streak since 2018. So far in February, Bitcoin is down nearly 14%, and from its October 2025 all-time high, it has lost 52.4% over 123 days, nearing the severity of 2018’s downturn. Total crypto market capitalization has decreased to $2.33 trillion, while the Fear & Greed Index remains in "extreme fear." Broader markets are also weak, with S&P 500 and Nasdaq falling due to tech sector uncertainty, and precious metals experiencing sharp drops. Market sentiment is bearish, with forced liquidations favoring bears and prediction markets giving a 60% probability to Bitcoin dropping to $55K before reaching $84K. Technical indicators show continued weakness: Bitcoin trades below both its 50-day and 200-day exponential moving averages, the RSI is at 34.7 (bearish territory), and the ADX at 56.4 confirms a strong bearish trend. Recovery is unlikely unless Bitcoin surges above $100K or shows sustained higher lows; for now, it remains trapped in a historic downtrend.
