BlockBeats News, February 17th. According to Decrypt, if Bitcoin experiences a February decline, it will mark the fifth consecutive monthly drop, setting a record for the longest continuous decline since the 2018 bear market. The current February decline has reached 13.98%.
Since its all-time high in October 2025, Bitcoin has fallen by 52.44%, just 3.82 percentage points away from the 56.26% maximum drawdown in the 2018 bear market, taking only 123 days.
The total market capitalization of the overall crypto market is reported at $2.33 trillion, with a 1.33% decrease 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. Market predictors currently estimate a 60% probability that Bitcoin will first touch $55,000 rather than $84,000.
Technically, the Bitcoin price is still running below the 200-day Exponential Moving Average (EMA200), and the EMA200 is below the EMA50, indicating bearish momentum. The Relative Strength Index (RSI) is at 34.7, in the oversold territory, and the Average Directional Index (ADX) is at 56.4, showing a strong downward trend.
Analysis points out that to reverse the trend, Bitcoin needs to reclaim $100,000 or form a structurally high low pattern of sustained reversal. Currently, the market is still in a relatively prolonged downward phase in history.
