Bitcoin Records Five-Month Loss Streak — What's Next for Price?
Bitcoin has traded sideways between $70,000 and $65,000 for months and closed five consecutive months in the red, its longest bearish streak since 2018–2019. The market has lacked the bullish momentum to break out of this consolidation, leaving price action in a holding pattern.
Institutional flows shifted after weeks of outflows: five straight weeks of outflows reversed with an $881 million inflow in the week ending February 27, and February closed with $311 million in inflows. That change, together with a fall in hot capital share from 27.6% to 24.1%—below the 32.8% low band—points to a retreat of speculative, fast-moving capital and reduced near-term sell-side liquidity risk.
A decisive move above $72,294 would validate a bullish shift and could mark the start of a recovery. Conversely, renewed geopolitical tensions, regulatory concerns, the Middle East crisis and the threat of rising energy prices could keep Bitcoin range-bound or extend the downturn.
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