Bitcoin may set the longest losing streak since the 2018 bear market, with the decline approaching a historical extreme.

BlockBeats News, February 17, according to Decrypt, if Bitcoin closes lower in February, it will record its fifth consecutive monthly decline, marking the longest losing streak since the 2018 bear market. Currently, Bitcoin has dropped 13.98% in February.

Since retreating from its all-time high in October 2025, Bitcoin has accumulated a decline of 52.44%, just 3.82 percentage points away from the maximum drawdown of 56.26% during the 2018 bear market, taking only 123 days.

The total market capitalization of the overall crypto market stands at $2.33 trillion, down 1.33% in the past 24 hours. Although the Fear and Greed Index has risen from 8 to 12, it still remains in the "Extreme Fear" range. On the prediction market Myriad, traders currently bet there is a 60% probability that Bitcoin will reach $55,000 before $84,000.

From a technical perspective, Bitcoin's price remains below the 200-day Exponential Moving Average (EMA200), and the EMA200 is below the EMA50, indicating that bearish momentum dominates. The Relative Strength Index (RSI) is at 34.7, in the bearish range; the Average Directional Index (ADX) reaches 56.4, showing a strong current downtrend.

Analysis points out that to reverse the trend, Bitcoin needs to reclaim the $100,000 level or form a structural reversal pattern with consistently higher lows. For now, the market remains in a historically prolonged downward phase.