Bitcoin Heads for Fifth Straight Monthly Decline, Longest Losing Streak Since 2018–2019

Bitcoin is on track for its fifth consecutive monthly decline in February, the longest losing run since 2018–2019, with the month down over 16% and year-to-date losses exceeding 25%, CoinDesk reports. The backdrop includes a 70% drawdown in the bitcoin-to-gold ratio to 12.288 ounces over 14 months, $3.8 billion in ETF outflows over five weeks, and a 20-day BTC-Nasdaq correlation that swung from 0.68 to +0.72 between early and mid-February. PrimeXBT's Jonatan Randin pointed to mounting macro pressure, noting bitcoin has fallen about 41% since September while gold is up roughly 48%, and flagged $60,000 as near-term support with the 200-week moving average near $58,500; eToro's Mati Greenspan described the move as "repricing inside a structural regime shift." Randin said the streak may continue unless BTC retakes the $68,000–$72,000 zone, cautioning that the current 52% drop from October highs could extend further, while Greenspan argued sentiment is already deeply negative and reversals can be sharp when long-term fundamentals remain intact, CoinDesk said.