The crypto market is bleeding. And the injuries maintain deepening.
Bitcoin trades at $67,621 immediately, down 1.70% within the final 24 hours. However this is not simply one other unhealthy day—it might probably assist mark one of the vital extended bear runs in Bitcoin historical past.
If February closes crimson, Bitcoin will full 5 consecutive months of losses, the longest streak since June 2018 when Bitcoin was down for six months. With February already down 13.98%, the indicators aren’t promising.
The amassed losses from October 2025’s all-time excessive now attain 52.4% over 123 days. For perspective, the earlier longest shedding streak—that 2018 nightmare—registered a 56.26% drop over 153 days. Bitcoin is simply 3.82 proportion factors away from matching that report in much less time.
The full cryptocurrency market capitalization stands at $2.33 trillion, down 1.33% within the final 24 hours. The Concern & Greed Index rose marginally from 8 to 12 factors, however nonetheless in “excessive worry.”
The macro backdrop seems to be equally fragile. The S&P 500 and Nasdaq have slipped amid tech-sector jitters after Microsoft shed roughly 10% regardless of sturdy earnings, spooking buyers. In the meantime, treasured metals have turned risky: on Jan. 30, silver futures plunged about 31%—their steepest one-day drop since 1980—whereas gold additionally pulled again from latest highs.
Pressured liquidations—when derivatives merchants’ positions are routinely closed at sure costs—proceed battering the market. Since January 12, there has not been a single day wherein bear liquidations beat bullish positions, in line with Coinglass knowledge.
Talking of bearish sentiment. On Myriad, a prediction market developed by Decrypt’s dad or mum firm Dastan, odds shifted once more from bullish to bearish on bets wagering on Bitcoin’s near-term future. At the moment, prediction market merchants are favoring a situation the place BTC touches $55K earlier than $84K with 60% odds. That sentiment shift in prediction markets—the place contributors put cash behind their opinions—is difficult to disregard.
Bitcoin’s charts paint an equally grim image on the every day timeframe. Bitcoin is at present buying and selling sideways after the massive spike on February 6. Nevertheless, the worth has not been in a position to resume an upwards development and stays under the common worth of the final 200 days, which merchants establish because the EMA200. This exhibits how weak bulls at present are.
This setup (present worth buying and selling under the EMA200 and this being decrease than the common worth of the final 50 days, or EMA50) sometimes indicators stable bearish momentum. When each EMAs, in any other case often called exponential shifting averages, sit above the present worth, they act as dynamic resistance—ranges the place sellers have a tendency to seem.
