Bitcoin Sees Longest Losing Streak Since 2018 Bear Market, Approaching All-Time Low

BlockBeats News, February 17th. According to Decrypt, if Bitcoin were to end February in a downturn, it would mark the fifth consecutive monthly decline, setting the longest losing streak since the 2018 bear market. The current February decline has reached 13.98%.

Since its all-time high in October 2025, Bitcoin has fallen by 52.44%, just 3.82 percentage points away from the 56.26% retracement during the 2018 bear market, taking only 123 days.

The total market capitalization of the overall crypto market is $2.33 trillion, with a 1.33% drop in the past 24 hours. Despite the Fear and Greed Index rising from 8 to 12, it still remains in the "extreme fear" zone. The prediction market shows that traders currently estimate a 60% probability that Bitcoin will first hit $55,000 instead of $84,000.

Technically, the Bitcoin price is still below the 200-day Exponential Moving Average (EMA200), and the EMA200 is below the EMA50, indicating a prevailing bearish momentum. The Relative Strength Index (RSI) is at 34.7, in the oversold territory, while the Average Directional Index (ADX) is at 56.4, signaling a strong downward trend.

Analysis points out that to reverse the trend, Bitcoin would need to reclaim $100,000 or form a structurally higher low pattern. Currently, the market is still in a relatively prolonged downward phase.