Bitcoin Price Records Longest Monthly Losing Streak Since 2018

Bitcoin is on course to post its fifth consecutive monthly loss, marking its longest losing streak since the 2018 bear market. The crypto is down more than 25% year to date and nearly 50% from its October peak, with February alone reflecting a decline of roughly 20%. If confirmed, this would also represent Bitcoin’s weakest start to a year on record and its first back-to-back January and February losses.

The bitcoin-to-gold ratio has dropped to 12.288 ounces, reflecting a 70% contraction over the past 14 months. Meanwhile, gold has gained approximately 48% since September, while Bitcoin has fallen around 41% over the same period, underscoring diverging investor preferences.

Structural Regime Shift and Market Correlation Trends

Downturn may reflect a broader structural shift in risk pricing rather than a routine correction. Over five weeks, spot Bitcoin ETFs have recorded $3.8 billion in outflows, while the 20-day correlation between Bitcoin and the Nasdaq swung sharply from negative to strongly positive territory in February, signaling instability.

With Bitcoin down 52% from its highs, some warn that past bear markets saw drawdowns exceeding 80%. Key technical levels remain $60,000 support and resistance between $68,000 and $72,000.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.