BlockBeats News, February 17 — According to Decrypt, if Bitcoin declines in February, it will mark the fifth consecutive month of decline, setting the longest losing streak since the 2018 bear market. Currently, February has already seen a drop of 13.98%.
Since falling from its October 2025 all-time high, Bitcoin has accumulated a decline of 52.44%, just 3.82 percentage points away from the maximum drawdown of 56.26% during the 2018 bear market, taking only 123 days.
The total market capitalization of the overall crypto market stands at $2.33 trillion, down 1.33% in the past 24 hours. The Fear and Greed Index has risen from 8 to 12 but remains in the “Extreme Fear” zone. The market prediction platform Myriad indicates that traders currently assign a 60% probability that Bitcoin will first reach $55,000 rather than $84,000.
On the technical side, Bitcoin’s price remains below the 200-day exponential moving average (EMA200), with EMA200 also below the EMA50, indicating that bearish momentum is dominant. The Relative Strength Index (RSI) is at 34.7, in the bearish zone; the Average Directional Index (ADX) is at 56.4, showing that the current downtrend is strong.
Analysis suggests that to reverse the trend, Bitcoin needs to break above $100,000 or form a structural reversal pattern with sustained higher lows. Currently, the market remains in a relatively prolonged downward phase in historical terms.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chainalysis Latest Report: Cryptocurrency Drives Crime, Hundreds of Millions of Dollars Flowing to Human Trafficking
According to a Chainalysis report, crypto transactions related to human trafficking will increase by 85% from 2024 to 2025, with Southeast Asia as the center, especially Cambodia and Myanmar. Criminal groups use stablecoins and privacy coins to carry out online scams and sexual exploitation, with countries like the United States serving as sources of funding. The transparency of blockchain allows law enforcement agencies to effectively track the flow of funds and strengthen monitoring and enforcement actions.
CryptoCity10m ago
Data: In the past 24 hours, the entire network has liquidated $223 million, with long positions liquidated at $137 million and short positions at $85.76 million.
In the past 24 hours, the total liquidation amount across the entire network reached $223 million, with long positions and short positions liquidated at $137 million and $85.76 million respectively, involving 87,303 people. The largest single liquidation occurred on Hyperliquid, valued at $11.22 million.
GateNewsBot25m ago
BTC 15-minute increase of 0.73%: Whales' capital outflow and bullish dominance resonate to drive a short-term rebound
Between 2026-02-17 02:00 and 02:15 (UTC), Bitcoin (BTC) prices briefly surged, recording a +0.73% gain. The opening price for the interval was approximately $68,861, significantly boosting market attention. Spot and derivatives trading volumes within the window also rebounded, with bullish momentum strengthening and market volatility increasing.
The main driver of this movement was large whale capital outflows and spot buy-side dominance. Latest on-chain data shows that whales net outflowed 10,316 BTC to exchanges, while transfer volume to exchanges decreased to 4,450 BTC, exerting selling pressure.
GateNewsBot39m ago
Michael Saylor: Bitcoin on-chain fees remain low after more than a decade, and the "block capacity" concern has proven unfounded
Michael Saylor posted on the X platform that Bitcoin can still be transferred quickly during bank holidays, with low transaction fees of only about $0.44. He pointed out that after concerns about scalability crises, Bitcoin's transaction fees remain low, indicating that market mechanisms and technological innovation can effectively address systemic challenges.
GateNewsBot1h ago
Bitcoin weekly RSI approaches the lows of the 2022 bear market, liquidity squeeze intensifies the bulls and bears battle
On February 17th, Bitcoin's price briefly surged to $70,000 before quickly pulling back. Due to light trading during the holiday, short-term movements were influenced by large capital flows, resulting in liquidations totaling $120 million. Technical analysis shows that Bitcoin's weekly RSI dropped to 27.8, the lowest since 2022, indicating the market may be facing a cyclical bottom signal.
GateNewsBot1h ago
