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Bitcoin has closed in the red for four consecutive months (October, November, December 2025, and January 2026). If February closes red, it will indeed be the first 5-month losing streak since the 2018 bear market. The drawdown started after Bitcoin hit an all-time high of $126k on October 6, 2025. At today’s price, we are down roughly 54% from the peak. ​The selling accelerated on February 5, 2026, when BTC saw a historic 14% single-day drop (from $73k to $60k), triggering over $2 billion in liquidations.

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