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

February 17 Per Decrypt, if Bitcoin posts a February decline, it would mark its fifth straight monthly drop—setting a record for the longest streak of losses since the 2018 bear market. The current February slide stands at 13.98%. Since its all-time high in October 2025, Bitcoin has dropped 52.44%—only 3.82 percentage points shy of the 56.26% maximum drawdown seen in the 2018 bear market. The decline has unfolded in just 123 days. Total crypto market capitalization is $2.33 trillion, down 1.33% over the past 24 hours. While the Fear & Greed Index has risen from 8 to 12, it remains in “extreme fear” territory. Market predictors currently put a 60% probability on Bitcoin hitting $55k first, rather than $84k. Technically, Bitcoin’s price remains below its 200-day exponential moving average (EMA200), and the EMA200 sits below the EMA50—signaling bearish momentum. The Relative Strength Index (RSI) is at 34.7 (oversold territory), while the Average Directional Index (ADX) is 56.4, indicating a strong downward trend. Analysts note that to reverse the trend, Bitcoin needs to reclaim $100k or form a structural higher-low pattern for a sustained reversal. The market is currently in a historically prolonged downward phase.