Bitcoin lost 23% in less than two months

Bitcoin BTC $66,932.25 Mezo Wrapped BTC 1.40% Market capitalization $37.93 million VOL. 24 hours $1.54 billion started 2026 with the worst dynamics in the history of observations. According to Checkonchain, the asset lost 23% of its value in the first 50 days of the year: minus 10% in January and another 15% in February. This is the first time that a cryptocurrency has shown consecutive falls in both first months of the year.

Coinglass statistics show that in the past, even after double-digit losses in January — as in 2015, 2016, or 2018 — February has always been positive. If the current decline continues, bitcoin will show its weakest two-month performance since 2022.

The Cyclical Drawdown Index, which traders use to gauge the extent of the decline, is currently at 0.77, compared to an average of 0.84 in down years. This underscores the depth of the correction, which exceeds the usual indicators.

The market’s weakness is exacerbated by the fact that bitcoin ended 2025 with a 17% decline. Historically, post-election years in the United States have shown better dynamics than election years, which makes the current lag even more noticeable. Thus, the first two months of 2026 were record-breakingly bad for bitcoin, and the market received a signal that the downward trend may continue, which contrasts with the historical patterns of previous cycles.