BlockBeats News, February 17 — According to Decrypt, if Bitcoin declines in February, it will mark the fifth consecutive month of decline, setting the longest losing streak since the 2018 bear market. Currently, February has already seen a drop of 13.98%.
Since falling from its October 2025 all-time high, 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. The Fear and Greed Index has risen from 8 to 12 but remains in the “Extreme Fear” zone. The market prediction platform Myriad indicates that traders currently assign a 60% probability that Bitcoin will first reach $55,000 rather than $84,000.
On the technical side, Bitcoin’s price remains below the 200-day exponential moving average (EMA200), with EMA200 also below the EMA50, indicating that bearish momentum is dominant. The Relative Strength Index (RSI) is at 34.7, in the bearish zone; the Average Directional Index (ADX) is at 56.4, showing that the current downtrend is strong.
Analysis suggests that to reverse the trend, Bitcoin needs to break above $100,000 or form a structural reversal pattern with sustained higher lows. Currently, the market remains in a relatively prolonged downward phase in historical terms.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Economist Lyn Alden: Bitcoin's performance in the next two to three years may surpass gold
Macroeconomist Lyn Alden stated in a podcast that Bitcoin could surpass gold in the next two to three years due to overly optimistic sentiment in the gold market. She pointed out that Bitcoin is undervalued and mentioned the oscillating relationship between the two, with the current Bitcoin price around $71,164, down 44% from its all-time high.
GateNews16m ago
Data: 791.55 BTC transferred from an anonymous address, worth approximately 55.87 million USD
ChainCatcher reports that, according to Arkham data, at 13:06, 791.55 BTC (worth approximately $55.87 million) was transferred from one anonymous address (starting with bc1q8gjav...) to another anonymous address (starting with 33cki4kph...).
GateNews35m ago
U.S. Bitcoin reserves expand to enter the top 20 globally, Tinder founder increases purchase by 1.8 million shares
American Bitcoin Company (ABTC) Bitcoin reserves increase to 6,500 coins, ranking among the top 20 publicly listed companies worldwide. Despite stock price fluctuations, the reserve news prompted an 11.7% rise in stock price. ABTC is expanding its mining machine hash rate and plans to invest in reducing Bitcoin acquisition costs. Board member Tinder founder recently increased his holdings by purchasing 1.8 million shares.
ChainNewsAbmedia1h ago
Vancouver City Government in Canada has decided to terminate the Bitcoin reserve proposal after legal review.
Vancouver city government employees recommend terminating the "Bitcoin Friendly City" motion due to regulations prohibiting Bitcoin from being used as a municipal reserve asset. The motion was proposed by Mayor Ken Sim and aimed to explore the possibility of accepting cryptocurrency for taxes and converting financial reserves into Bitcoin, but it is restricted by provincial laws.
GateNews1h ago
Vancouver Moves to Close Bitcoin Reserve Proposal After Legal Review
In brief
City staff have concluded the Vancouver Charter does not allow Bitcoin in city reserves.
The motion followed a late 2024 decree by Mayor Ken Sim to study crypto use.
Municipal finance rules keep assets like Bitcoin outside treasuries, Decrypt was told.
Vancouver staff have
Decrypt2h ago
Data: Yesterday, the US Bitcoin spot ETF experienced a net outflow of $240.14 million.
Cryptocurrency analyst Trader T has detected that US Bitcoin spot ETFs experienced a net outflow of $240.14 million yesterday, primarily due to net outflows from multiple ETFs including BlackRock, Fidelity, and Bitwise, while Valkyrie's ETF saw a small net inflow.
GateNews2h ago
