Throughout Bitcoin's trading history, the months of January and February have never both closed the year-to-date period simultaneously in negative territory.

In 2026 that outcome could occur for the first time, with January finishing around -10% and February remaining near -14%.

Current performance

January's close near -10% reflects sustained selling pressure across major exchanges and derivatives venues during the opening month.

February has continued in the red, with prices down roughly -14% as short-term positioning and risk sentiment weigh on market activity.

Historical context

Monthly returns for Bitcoin have shown large variability, yet there is no recorded instance of both January and February ending the year-to-date period negatively.

The appearance of a double negative in 2026 would thus represent an unprecedented sequence in Bitcoin's price history.

Market implications

A consecutive negative start to the year may affect traders' cash allocation and hedging choices but does not by itself determine longer-term asset trajectories.

Calendar-based observations remain descriptive; market participants continue to rely on broader analysis and risk-management frameworks when making decisions.