Bitcoin on Tempo for Longest Shedding Streak Since 2018 Bear Market

The crypto market is bleeding. And the injuries preserve deepening.

Bitcoin trades at $67,621 right now, down 1.70% within the final 24 hours. However this is not simply one other dangerous day—it might probably assist mark one of the extended bear runs in Bitcoin historical past.

If February closes pink, Bitcoin will full 5 consecutive months of losses, the longest streak since June 2018 when Bitcoin was down for six months. With February already down 13.98%, the indicators aren’t promising.

The collected losses from October 2025’s all-time excessive now attain 52.4% over 123 days. For perspective, the earlier longest dropping streak—that 2018 nightmare—registered a 56.26% drop over 153 days. Bitcoin is simply 3.82 proportion factors away from matching that report in much less time.

The entire cryptocurrency market capitalization stands at $2.33 trillion, down 1.33% within the final 24 hours. The Worry & Greed Index rose marginally from 8 to 12 factors, however nonetheless in “extreme fear.”

The macro backdrop appears equally fragile. The S&P 500 and Nasdaq have slipped amid tech-sector jitters after Microsoft shed roughly 10% regardless of sturdy earnings, spooking traders. In the meantime, valuable metals have turned unstable: on Jan. 30, silver futures plunged about 31%—their steepest one-day drop since 1980—whereas gold additionally pulled again from current highs.

Compelled liquidations—when derivatives merchants’ positions are mechanically closed at sure costs—proceed battering the market. Since January 12, there has not been a single day during which bear liquidations beat bullish positions, in response to Coinglass knowledge.

Talking of bearish sentiment. On Myriad, a prediction market developed by Decrypt’s mother or father firm Dastan, odds shifted once more from bullish to bearish on bets wagering on Bitcoin’s near-term future. At present, prediction market merchants are favoring a situation the place BTC touches $55K earlier than $84K with 60% odds. That sentiment shift in prediction markets—the place members put cash behind their opinions—is tough to disregard.

Bitcoin (BTC) value evaluation: The indicators do not lie

Bitcoin’s charts paint an equally grim image on the day by day timeframe. Bitcoin is at the moment buying and selling sideways after the large spike on February 6. Nonetheless, the value has not been in a position to resume an upwards development and stays under the typical value of the final 200 days, which merchants determine because the EMA200. This reveals how weak bulls at the moment are.

This setup (present value buying and selling under the EMA200 and this being decrease than the typical value of the final 50 days, or EMA50) sometimes indicators strong bearish momentum. When each EMAs, in any other case referred to as exponential shifting averages, sit above the present value, they act as dynamic resistance—ranges the place sellers have a tendency to seem.

The Relative Power Index, or RSI, sits at 34.7. RSI measures shopping for and promoting momentum on a 0-100 scale. An RSI of 34.7 locations Bitcoin in bearish territory, although it hasn’t reached excessive oversold ranges. This implies unfavorable momentum dominates, however there’s nonetheless room for additional declines earlier than technical situations counsel a bounce.

The Common Directional Index, or ADX, stands at 56.4—effectively above the 25 threshold that confirms development energy. ADX measures development energy with readings above 25 indicating a powerful development is in place. With ADX at 56.4 and value falling, this confirms the bearish development has very sturdy momentum.

Can Bitcoin Recuperate?

A Bitcoin bounce after such a pointy drop is certainly potential, however even when it does, it could be untimely to name it a development reversal.

For merchants to start speaking a few bullish motion, the value of Bitcoin would want to point out no less than one among two unlikely situations: Both an enormous restoration previous the $100K mark to renew the 2024-2025 development, or a constant sequence of candlesticks with greater lows respecting no less than a assist much like the one proven within the dotted inexperienced line under (extension of the earlier development).

For now, Bitcoin stays trapped in one of the persistent downtrends in its historical past. And with simply two weeks left in February, the clock is ticking to keep away from that fifth consecutive pink month.