Bitcoin Faces Longest Losing Streak Since 2018
As February draws to a close, Bitcoin is on track for a fifth consecutive monthly decline, marking its longest losing streak since the 2018–2019 bear market. The price has fallen over 50% from its October highs last year and is down more than 25% year-to-date, making it the worst start to a year in Bitcoin’s history.
Analysts Divided on Market Outlook
Some analysts argue that the current downturn is not just a sign of weakness, but rather a market re-pricing within a broader structural shift. A global recalibration of risk asset valuations could explain the volatility.
- An eToro senior market analyst noted that if the long-term fundamentals remain intact, a strong rebound is possible.
- Others warn that the lack of a clear narrative is eroding investor confidence.
Multiple Headwinds Weigh on Sentiment
Bitcoin ETFs have seen a net outflow of $3.8 billion over the past five weeks, signaling a retreat by institutional investors. Meanwhile, rising global trade tensions and the Federal Reserve’s unclear stance on rate cuts continue to dampen market sentiment.