Tradingview: Momentum Shift Deepens as Bitcoin Eyes Worst Five-Month Slide Since 2018

The market is moving from cyclical wobble to a performance re-evaluation, and that matters for traders watching on tradingview and elsewhere: bitcoin’s price action and correlation signals are now rewriting momentum rankings, compressing liquidity and changing which assets lead during risk-off periods. This is a performance story as much as a price story — and it is already reshaping positioning across spot, ETFs and crypto-linked equities.

Momentum and ranking signals — where performance is flipping on Tradingview

Metrics that normally flag recoveries are instead signaling weakness: bitcoin sits on track for a fifth consecutive monthly decline, the longest losing run since the 2018–2019 bear market. That streak comes after what is described as bitcoin’s worst first 50-day start to a year on record, with BTC down more than 25% year to date and on course for back-to-back January and February declines for the first time.

Embedded price and market detail without a step-by-step recap

Price snapshots in recent coverage show shifts across multiple intraday and weekly horizons. One early read put bitcoin at BTC$66, 227. 89 while other contemporaneous notes listed it around $64, 000; separate intraweek reporting had bitcoin changing hands near $65, 222 after peaking above $69, 000 earlier in the week. The February decline is nearly 20% from the cited $64, 000 level, and another read put bitcoin’s total drop at 52% from October highs — an indicator of the scale across different reference points.

Correlations, ratios and the safe-haven tug

Correlation dynamics are unusually unstable: a 20-day BTC–Nasdaq correlation swung from -0. 68 to +0. 72 between early and mid-February, showing rapid alternation between negative and positive linkage. The bitcoin-to-gold ratio fell to 12. 288 ounces in February, a roughly 70% drawdown over the past 14 months, while gold has risen substantially since September and bitcoin has weakened over the same span. Gold was also noted to tick up by 1. 4% on one session and listed at a price near $5, 268 in contemporaneous market notes.

Macro pressure and liquidity drains

Analyst commentary highlights mounting macro headwinds: $3. 8 billion of ETF outflows were recorded over five weeks, escalating tariff tensions have been flagged as a disruptive force, and the central bank outlook is described as not signaling imminent rate cuts. Geopolitical pressures have also supported a stronger U. S. dollar and higher crude oil prices, tightening financial conditions and weighing on risk assets.

Crypto markets and related equities under strain

Other cryptocurrencies moved lower alongside bitcoin in recent sessions, with examples listing Ethereum near $1, 918 (down over 5% on a day), XRP near $1. 35 (down about 4%) and Solana near $81. 50 (down over 5%). Crypto-linked stocks showed divergent performance: CoreWeave, described as a Bitcoin-mining-era firm turned AI-native cloud provider, was cited down 21% to $76. 92, and one bank trimmed its price target on the company from $115 to $90 after saying the firm missed earnings and needs substantial investment. Ethereum treasury holders were also highlighted: one company’s shares were noted down 7. 3% to $18. 95 while holding 4. 42 million ETH valued near $8. 2 billion; a competitor’s shares fell 6. 7% to $6. 73 while holding over 863, 000 ETH valued near $1. 6 billion. Separately, a payments processor tied to Jack Dorsey was listed as gaining nearly 15% after announcing a 40% staff reduction as part of an AI pivot, trading under the ticker XYZ in the notes.

• Bitcoin is on pace for a five-month losing streak, the longest since 2018–2019.
• February saw the bitcoin-to-gold ratio hit 12. 288 ounces, down roughly 70% over 14 months.
• ETF outflows totaled about $3. 8 billion over five weeks, adding liquidity pressure.
• Correlation swings (20-day BTC–Nasdaq) ranged from -0. 68 to +0. 72 in early to mid-February.
• Crypto equities showed big dispersion: a major miner-turned-AI cloud company was down 21% to $76. 92; other ETH treasuries fell in share price while holding millions of ETH.

Here’s the part that matters for positioning: when momentum metrics and cross-asset rankings change simultaneously, stop-losses, ETF flows and margin dynamics can amplify price moves. If you’re wondering why this keeps coming up, the mix of tariff shocks, ETF outflows and a monetary-policy stance that is not easing immediately are the common threads named in market commentary.

One consumer-facing web prompt was also noted during coverage: a site required users to click a box to confirm they were not a robot, asked that browsers support JavaScript and cookies, and offered a reference ID for support inquiries while promoting subscription access to global markets news. That tangential detail reflects how market updates were being accessed in real time.