According to monthly revenue data from Coinglass, 2026 is currently on track to be an unprecedented bearish year for the leading cryptocurrency.
For the first time in its 17-year history, Bitcoin is heading towards a monthly close in January and February on a decline.
Of course, Bitcoin has gone through periods of stagnation in the digital currency market before, but it has never started a full year with consecutive monthly losses. So far.
Reports from 10x Research indicate that the crash from $90,000 to $60,000 was the result of the forced liquidation of a major hedge fund in Hong Kong.
The inability of the market to absorb this liquidity shock has kept prices low throughout January and February.
Fear has also permeated the market regarding large Bitcoin holders. With Bitcoin prices falling below key support levels, the 'Strategy' firm had to publicly reassure investors that it could withstand a price drop to $8000 without defaulting on its debts. The public discussion by the world's largest Bitcoin holding company about 'sharp decline' scenarios is not reassuring.
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