💣💣💣What Bull Market? Bitcoin Closes 4 Consecutive Months in the Red
The last time BTC was so deep in the red monthly was during the 2018 bear market.🕳🕳🕳
It’s hard to imagine now that just a few months ago, bitcoin was riding high, investors were hopeful about ‘Uptober,’ and the bulls dominated the market.
In that not-so-distant past, the cryptocurrency was trading confidently within a six-digit price territory, and had just printed a new all-time high above $126,000. The community was full of new predictions about $150,000 or $200,000 by the end of the year, based on historical performances.
The Monthly Closures in Red
The reality, though, was different. And brutal. Instead of going to those levels, BTC nosedived on October 10/11 in a $19B-wipeout, and the trend turned for the worse as the cryptocurrency was never actually able to recover from that crash. In fact, bitcoin ended 2025 in the red for the first time in a post-halving year.
2026 began with more hopes of a rebound and a renewed run, but they were halted mid-month when BTC was stopped at $95,000 and driven south hard. It was first pushed below $90,000, but that was just the beginning as the losses kept coming.
It dumped to $81,000 during last week, bounced off to $84,000, only to be rejected on Saturday. In the span of just several hours, bitcoin’s calamity worsened, and it slumped to roughly $75,000, leaving billions worth of liquidations. This meant that it had lost $20,000 in less than two weeks.
Data from CoinGlass shows that bitcoin closed January with a 10.17% loss, even though it rebounded slightly from that low. This made it the fourth consecutive month closed in the red and the worst since November.
