Bitcoin has fallen back below $68,000 after a brief rebound, extending its recent downward trend and putting it on track for a fifth straight monthly decline. This would mark the longest losing streak for Bitcoin since 2018, reflecting sustained weakness in the cryptocurrency markets. Traders and investors are watching closely as interest wanes and broader risk-off sentiment takes hold.

In February, Bitcoin slid as much as 19% in value, dragging the price down from recent highs and showing persistent selling pressure. Analysts point to several macroeconomic and technical pressures that have weakened the influential digital asset.

Recent Price Performance: Facts and Figures

• Early in 2026, Bitcoin traded above $90,000 before weakness set in.
• The price dropped below $65,000 in mid-February, the lowest levels not seen since late 2024.
• Bitcoin has now declined roughly 48% from its October 2025 peak of over $126,000.
• At times in recent weeks, the price dipped near $62,800 before small rebounds.

This slump has erased a significant chunk of market value, with the total crypto market falling over $120 billion during some downturn phases.

Why Is Bitcoin Falling? Key Drivers of the Drop

1. Macro and Geopolitical Headwinds

Global economic uncertainty has pressured risk assets including Bitcoin. Trade tensions and tariff announcements have spooked many investors, contributing to sell-offs in both stocks and digital assets.

2. Correlation With Broader Markets

Bitcoin has increasingly moved in line with major equity indices rather than acting as a safe haven. In downturns, investors reduce exposure to volatile assets, which can amplify selling pressure across both the stock market and crypto markets.

3. Institutional Outflows

Data indicates large withdrawals from Bitcoin-linked investment products. Spot Bitcoin ETFs have seen net outflows amounting to billions as institutional appetites shift, which weakens demand and adds downward momentum.

4. Market Sentiment and Technical Weakness

Investors are hesitant to enter new long positions while Bitcoin remains below key trend lines. Trading volumes are lighter than in bullish periods, and many traders see the market as still in a bear phase requiring deeper correction before confidence returns.

Historical Context: Losing Streaks and Volatility

Bitcoin’s current performance is unusual but not unprecedented. If February closes lower, this will be the fifth month in a row where the price has ended in negative territory. Such losing streaks are rare but have occurred before during major bear markets, such as in 2018.

Cryptocurrency markets are known for high volatility. Bitcoin’s price has reacted sharply in past cycles to changing market conditions, and periods of extended weakness have often preceded strong rebounds in later phases.

Impact on the Crypto Ecosystem

Mining and Business Pressures

Falling prices have hurt Bitcoin miners and companies exposed to BTC prices. Some mining firms have reported significant losses, highlighting how reliance on high BTC prices makes operations costlier and less profitable in down markets.

Investor Sentiment and Holder Profits

A large share of Bitcoin holders is currently underwater, meaning they hold at a loss compared with earlier purchase prices. Recent data suggests that only around 41% of holders are in the money this cycle, making market psychology more fragile.

Broader Crypto Market Reactions

Altcoins have generally followed Bitcoin’s lead, with many large tokens posting steep monthly losses. Ether and other major assets are down sharply, reflecting correlated sentiment across the crypto market.

Technical Levels That Matter

Traders monitor key price levels to gauge possible directions:

• Support levels around $60,000 to $62,500.
• Resistance near recent highs above $70,000.
• Major trend lines such as the 200-week moving average, which many analysts view as a key indicator of underlying trend strength.

If Bitcoin breaches these technical supports, markets may face further downside. Conversely, reclaiming higher levels could signal the start of stabilization.

How This Affects Investors and Markets

Portfolio Risk and Allocation

Bitcoin’s weakness has implications for portfolio allocation, especially for investors who treat it as a high-beta exposure similar to tech stocks. Declines in Bitcoin often coincide with stress in growth-oriented sectors, adding to volatility across different asset classes.

Stock Research Insights

Analysts performing stock research now pay close attention to how Bitcoin’s movements correlate with equities. Some see Bitcoin’s volatility as a lead indicator for risk appetite and broader market rotation.

Sentiment Toward AI and Other Asset Classes

Periods of Bitcoin weakness sometimes coincide with attention shifting to other sectors, such as AI stocks that attract capital when crypto markets cool. This rotation reflects differing investor risk preferences and evolving market themes.

Looking Ahead: Will Bitcoin Stabilize?

Experts are divided on short-term outcomes. Some believe Bitcoin may continue to grind lower before finding a solid base. Others argue that historical cycles show deep corrections can eventually lead to renewed growth phases. Long-term holders and institutional proponents caution against interpreting short-term fluctuations as permanent trends.

Continued monitoring of macroeconomic signals, institutional flows, and market sentiment will be critical for anticipating future price movements.

Conclusion

Bitcoin’s slide below $68,000 and its potential fifth straight monthly loss reflect a complex mix of macro pressures, market psychology, and technical dynamics. While extended losing streaks are unusual, they are not without precedent in Bitcoin’s history. Investors and analysts alike are watching key indicators and price levels as the market seeks direction in an uncertain environment.

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Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.