Bitcoin (BTC) ended last week with negative returns amid the broader crypto market’s continued decline. Analysts at the crypto exchange Bitfinex revealed in a weekly report that the record marked the fourth consecutive weekly decline for the leading digital asset.
According to Bitfinex, the last time BTC recorded four straight weeks of negative returns was during the lengthy consolidation phase between March and October 2024. However, at the time, the peak-to-trough plunge was roughly 24.1%. This time, BTC has fallen 30.6% over the past four weeks.
BTC Corrective Phase Continues
Last week, BTC recorded a peak-to-trough decline of 16%, closing the 7-day period with an 8.65% plunge. The correction has extended the drawdown from its all-time high to 36%, highlighting the ongoing decline as the largest in this cycle, both in percentage and in the scale of long liquidations.
Amid the drawdown, short-term holders (those holding BTC for 155 days or less) are capitulating. This investor coho
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