Bitcoin Posts Five-Month Losing Streak, Longest Since 2018
Bitcoin retreated from its October 2025 peak and ended February 2026 lower for a fifth consecutive month, marking its longest losing streak since the 2018–2019 bear market. eToro senior analyst Mati Greenspan said tariffs, ETF flows and macroeconomic risks were reshaping market pricing, while PrimeXBT reported $3.8 billion in net outflows from spot ETFs over five weeks.
CoinDesk reported on February 28 that BTC was trading at about $64,000, down 52% from its October peak after falling nearly 20% in February. CoinGlass data showed the annualized funding rate for perpetual futures had dropped to minus 6%, a three-month low that increased the potential for a short squeeze. The price briefly touched $65,000 by March 30, with the market watching whether it could reclaim the $68,000–$72,000 resistance zone. Failure to do so could leave March as Bitcoin’s sixth straight losing month.
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The history behind this eventAnalyst Warns Bitcoin Could Fall Further After Worst June Since 2022
Bitcoin rebounded after the crypto market’s deleveraging in 2022, but its price remains sensitive to capital flows and technical support levels. The pseudonymous analyst PlanB assesses market cycles using realized price and the 200-week moving average. Investors often use these indicators to gauge whether a bear market has bottomed, drawing attention to the latest warning.
Bitcoin fell 20.5% in June and ended the month at $58,526, marking its worst June performance since June 2022. PlanB said the price remained above realized price but was below the 200-week moving average, suggesting a bottom might not yet have formed. Bitcoin could fall further to $52,000, the analyst warned.
Bitcoin Posts Rare Eight-Day Winning Streak, First in Four Years, but Pullback Risk Lingers
Consecutive daily gains in Bitcoin typically signal buying momentum and are particularly important for assessing the near-term trend. Historical data compiled by Cointelegraph show that Bitcoin has extended its advance roughly 60% of the time after an eight-day winning streak. However, the same pattern also appeared during the 2022 bear market, while halving cycles are often accompanied by significant pullbacks, leaving the market exposed to overheating risks.
Bitcoin closed higher for eight consecutive days starting March 9 and broke above $75,000 during the run, marking its first eight-day winning streak in four years. Despite the latest pullback, the market still considers BTC “overbought,” and the price may consolidate first. Whether it can hold firmly above $75,000 will be key to determining whether the rally continues or the correction deepens.
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