Bitcoin has closed lower in each of the past four months, and February is negative mid-month, setting up a fifth straight monthly decline.
That outcome would mark Bitcoin’s longest monthly losing streak in six years, a stretch now being framed less as chart trivia and more as a macro stress test for the post-ETF market structure.
Data shows October 2025 through January 2026 each finished down, with November’s loss the deepest in the run.
February opened near $78,626 before trading in the high $60,000s around mid-month.
Bitcoin trades at approximately $68,800, about 44–45% below the October peak at $126,000, and 12.6% down for the month.
The all-time record for monthly drawdowns sits at 6 months from January 2017 to August 2018. Bitcoin would equal that record if March also ends negatively.
More likely market bottom for this cycle sits around $49,000, and the sooner Bitcoin hits that level, the more likely it is to gradually climb back into the 2028 halving.
