A Red Q1? Bitcoin Is About To Make History If This Happens
Bitcoin’s value motion has seen all of it: five-digit collapses, regulatory crackdowns, change implosions, and bear markets that lasted the higher a part of two years. Through each a kind of occasions, one report has been unblemished: Bitcoin has by no means closed January, February, and March all within the crimson inside the similar calendar yr. Not as soon as in its complete buying and selling historical past. However, with just a few days left in March 2026, that untouched record is now on life support.
The Numbers That Tell The Story
Bitcoin is heading into the final stretch of March with a chance of three straight shedding opening months to a yr, a setup it has by no means beforehand recorded in its buying and selling historical past. The Coinglass monthly returns heatmap lays out the scenario with uncomfortable precision. January 2026 closed down 10.17%. February adopted with a 14.94% loss, which additionally created a report of the primary consecutive crimson February after a 17.39% loss in 2025.
March is now liable to closing in adverse territory, with Bitcoin buying and selling round $67,750 on the time of writing towards a month-open value of $66,970 following February’s shut. That places March’s month-to-date return at roughly 0.31%, with one buying and selling day remaining earlier than the month-to-month candle seals shut.
Bitcoin Monthly Returns (%). Source: Coinglass
Cross-referencing the total historic dataset, no yr in Bitcoin’s trackable value historical past (2013 to 2026) produced three consecutive crimson month-to-month closes to open the yr. There have been years with brutal particular person months: January 2015 misplaced 33.05%, January 2018 dropped 25.41%, and February 2014 fell 31.03%. However, in every case, at the least one of many three opening months recovered to shut inexperienced, however 2026 has produced none of that reduction.
Possible Six Months Of Consecutive Losses
Bitcoin has been on a long stretch of monthly red closes because it reached its October 2025 all-time high above $126,000. This led to 5 consecutive crimson closes in February 2025, which was the second time in its historical past. That record is now at risk of extending to 6 month-to-month crimson closes relying on how March ultimately performs out.
The circumstances behind this efficiency are a convergence of pressures that mounted steadily over the previous six months. As it stands, investor sentiment on Bitcoin has corroded to multi-year lows, and it’s now at its lowest levels for the reason that 2022 bear market.
As it stands, your entire Q1 2026 is at a crimson efficiency of -22.6%. The Q1 2026 efficiency is the weakest opening quarter since 2018, when Bitcoin misplaced 50.7% of its worth between January and March. That yr’s first-quarter harm was extra extreme in absolute phrases, however February gained 0.47%.
At the time of writing, Bitcoin is buying and selling at $67,750 with sooner or later left to write down the ultimate line of a chapter most traders did not expect to see written initially of the yr.
