Bitcoin nears longest bear market since 2018

Bitcoin (BTC) could be entering its longest bear market since 2018, as it is poised to record its fifth consecutive monthly decline, CoinDesk reported. BTC is currently trading around $64,000, down over 19% in February and about 52% from its high last October. Some analysts warn of further declines, noting that past bear markets have seen average drops of over 80%. However, others suggest that rising accumulation and extreme bearish sentiment could set the stage for a short-term rebound.