Bitcoin is dangerously close to matching its 2018 bear market crash, having fallen 52.44% from its October 2025 all-time high in just 123 days. The broader crypto market lost 1.33% in 24 hours, with total capitalization at $2.33 trillion, while prediction traders on Myriad now give 60% odds that BTC touches $55,000 before $84,000.
Bitcoin trades at $67,621, down 1.70% over the last day. If February closes negative, it will mark five consecutive months of losses, the longest streak since a six-month downturn in mid-2018.
The current 52.4% drawdown from the peak is just 3.82 percentage points away from the 2018 bear market’s 56.26% loss. The total cryptocurrency market capitalization stands at $2.33 trillion, down 1.33% in 24 hours.
The Fear & Greed Index rose marginally from 8 to 12 points but remains in “extreme fear.” On the prediction market Myriad, traders are favoring a scenario where BTC touches $55K before $84K with 60% odds.
Forced liquidations continue to batter the market. Coinglass data shows there has not been a single day since January 12 where bear liquidations beat bullish positions.
Technically, Bitcoin trades below its 200-day exponential moving average (EMA), signaling bearish momentum. The Relative Strength Index sits at 34.7, indicating negative momentum without being extremely oversold.
The Average Directional Index stands at 56.4, well above the 25 threshold, confirming the bearish trend has very strong momentum. In the broader macro backdrop, the S&P 500 and Nasdaq have slipped amid tech-sector jitters.
A recovery would require a massive move past $100,000 or a consistent series of higher lows. For now, Bitcoin remains trapped in one of its most persistent downtrends.
