Bitcoin could be on the verge of extending its losing streak, as historical market data shows that the last time the asset posted five consecutive red monthly candles, the sixth month also closed in negative territory. The resurfacing of this pattern is now fueling concerns among investors already grappling with broader crypto market uncertainty.
Historical Data Signals Potential Extended Downtrend
Crypto market expert Ash Crypto highlighted in a recent X post that Bitcoin could be heading into its sixth consecutive month of trading in the red. Ash Crypto, citing Coinglass data, shows that the last time BTC had five consecutive red months, it ended the sixth month red as well.
Interestingly, the last time that happened was in 2018, when BTC ended the months of August to December in negative territory, making it five consecutive months of losses, and extended the losing streak into January 2019, ending the sixth month in the red zone as well.
Currently, BTC has been battling intense bearish pressure and has spent months trading in the red since October 2025. The asset is already trading in negative territory as markets approach the fourth week of February, making it the fifth consecutive red month. Thus, if Bitcoin ends February in the red and history repeats, March could also end in negative territory, hinting at continued bearish pressure.
Macro Pressure and Market Sentiment Weigh on Bitcoin
Bitcoin’s recent weakness has coincided with broader macroeconomic uncertainty, including tighter financial conditions and cautious investor behavior across risk assets. In addition, fluctuating institutional inflows and outflows have contributed to unstable price action, preventing BTC from establishing a strong recovery trend.
Interestingly, Bitcoin ETFs have seen investor pullback, as SoSoValue data show BTC funds have recorded an outflow of over $104 million yesterday, reflecting cautious positioning among institutional and traditional market participants. Furthermore, a recent CoinShares report shows that Bitcoin investment funds recorded a weekly loss of $133 million.
Despite weak market sentiment, Bitcoin has continued to attract institutional investor accumulation, with Strategy recently increasing its BTC holdings through a fresh purchase of 2,486 BTC, despite holding a paper loss of $5.76 billion due to the broader market drawdown.
Can Institutional Adoption Break the Historical Pattern?
Despite bearish historical comparisons, some market participants believe Bitcoin’s growing institutional presence could help prevent a repeat of history. Interestingly, several market analysts have also reiterated that BTC is no longer strictly following the traditional four-year halving cycle due to the introduction of ETFs and rising institutional adoption.
These structural market shifts may have fundamentally changed Bitcoin’s price behavior compared to previous cycles. As a result, some investors believe the historical pattern of extended red monthly streaks could become obsolete, with BTC potentially breaking the trend and closing the month in March positive despite current bearish pressure.
The CoinRemark Team
Evans Kelvin
