5 Red Months In A Row: What’s Going On With Bitcoin And The Crypto Market?

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Bitcoin is connected people to spot 5 reddish months successful a row, arsenic it is presently down implicit 16% to commencement this period aft closing the past 4 consecutive months successful the red. The Bitcoin diminution has besides impacted the crypto market, which has mislaid a important information of its marketplace worth during this period.

Bitcoin Facing Five Red Months As Crypto Market Struggles

Cryptorank data amusement that Bitcoin is present facing its 5th consecutive reddish month, down 16% this period aft closing October, November, December, and January successful the red. The past clip this happened to BTC was successful 2018, erstwhile it entered a bear market aft reaching grounds highs successful 2017. The crypto marketplace is besides facing downside pressure, having mislaid astir fractional of its marketplace worth since October.

Crypto expert Benjamin Cowen has stated that October 2025 marked the apical for Bitcoin and the crypto marketplace and that they are present successful a carnivore market. He noted that carnivore markets don’t past and that amended times volition come. He further opined that October 2026 is simply a bully clip for a marketplace low, though helium added that helium is unfastened to the bottommost occurring sooner if the meltdown accelerates.

Bitcoin crashed implicit 13% yesterday, dropping to arsenic debased arsenic $60,000 arsenic the crypto marketplace sell-off accelerated. A fig of factors are believed to person contributed to this bearish terms action, including the Fed’s hawkish pivot pursuing past week’s FOMC meeting, wherever they decided to clasp rates steady. Furthermore, Trump nominated Kevin Warsh arsenic the adjacent Fed chair, and the markets reacted negatively to the nomination.

Meanwhile, Bitcoin continues to look important selling unit from the BTC ETFs, which person recorded 3 consecutive months of nett outflows. SoSoValue data amusement these funds are connected people to grounds a 4th consecutive period of nett outflows, with $690 cardinal successful nett outflows this month.

BTC Could Still Drop To $42,000

Veteran trader Peter Brandt predicted that a Bitcoin driblet to $42,000 was connected the cards, but that it is improbable to spell overmuch lower. This came arsenic helium stated that the bulls would not request to endure excessively “far southbound of $42,000” if BTC digs into the Banana peel arsenic profoundly arsenic successful past bear marketplace cycles. He added that it is simply a “hop, skip, and jump” from that level. The broader crypto marketplace is besides expected to find a bottommost erstwhile BTC bottoms.

In an earlier X post, Brandt stated that Bitcoin’s diminution has each “the fingerprints of run selling, not retail liquidation” and that it is ever chartless erstwhile specified a signifier ends. His remark came conscionable earlier the BTC decline beneath $63,000, which helium highlighted arsenic the adjacent people for the starring crypto.

At the clip of writing, the Bitcoin terms is trading astatine astir $65,800, down implicit 6% successful the past 24 hours, according to data from CoinMarketCap.