Bitcoin Faces Rare Four-Month Losing Streak as Silver Dramatically Outperforms

Bitcoin is on the verge of recording a rare and troubling milestone: a four-month losing streak on the monthly chart. This pattern of four or more consecutive red monthly candles has not been seen since 2018, a year synonymous with the brutal “crypto winter” that ultimately dragged Bitcoin prices down to the $3,000 range. The comparison is raising fresh concerns among investors as historical parallels begin to surface.

The current downturn started quietly in October, when Bitcoin slipped 3.69% after losing momentum following a new all-time high. What initially looked like a healthy pullback quickly intensified. November delivered a sharp blow, with Bitcoin plunging 17.67%, marking its worst monthly performance since the collapse of FTX in late 2022. Market participants hoping for a year-end recovery were left disappointed, as December failed to produce a Santa Rally and instead closed with another 2.97% decline.

The new year has offered little relief. Although Bitcoin experienced a brief rally in January, it has not been enough to decisively shift sentiment. If the month ultimately closes in negative territory, it would confirm a four-month bearish stretch, a technical signal that historically has preceded deeper corrections. The last time this scenario played out was in the second half of 2018, when the losing streak extended to five months and culminated in a dramatic capitulation phase that flushed out remaining bullish holders.

Adding to Bitcoin’s woes is its stark underperformance compared to traditional safe-haven assets. Silver, in particular, has surged ahead at a historic pace. Over the past 13 months, silver prices have soared by an astonishing 270%, while Bitcoin has declined by roughly 11% during the same period. This divergence is among the widest ever recorded between the two assets, highlighting a notable shift in investor preference. As a result, silver’s total market capitalization has grown to approximately 3.5 times that of Bitcoin.

While history does not always repeat itself exactly, the similarities to 2018 are difficult to ignore. If the pattern truly rhymes, the market may not have experienced its final shakeout yet, leaving Bitcoin investors bracing for potential volatility ahead.