Bitcoin’s Five Straight Weekly Losses Have Only Two Precedents Since 2015

Why is Bitcoin down so sharply? Part of the answer is a selling streak that has been building quietly for more than a month.

Bitcoin has now closed lower for five straight weeks, and the current week is on track to make it six.

At 23:26 UTC on Nov. 14, Bitcoin traded at $63,778 on Coinbase Exchange. That is 14.7% below last Sunday’s weekly close of $74,754, with roughly a day left before this week’s close.

In the Coinbase daily data going back to 2015, a run of five or more losing weeks has happened only twice before. Neither time did the end of the streak mark the final low, which is worth keeping in mind.

How the Five-Week Streak Built Up

The streak began after Bitcoin’s weekly close of $86,507 on Oct. 4.

The weekly losses that followed were small: 3.3%, 2.0%, 2.4% and 2.3% through Nov. 1. The week ending Nov. 8 was heavier, at 4.4%.

Together, those five weeks took Bitcoin down 13.6%. Including this week’s slide so far, the drop from the Oct. 4 close is 26.3%.

The pattern matters. A steady drip of small weekly losses usually reflects patient selling, not panic. This week is the first that looks like a flush.

Why Is Bitcoin Down This Week?

The pressure has come mostly from outside crypto.

On Nov. 10, Federal Reserve Governor Christopher Waller signaled support for another rate increase in December, and traders lifted the odds of a 25-basis-point hike to 96%, as we reported.

Three days later, Bureau of Labor Statistics data showed producer prices rising 6.5% from a year earlier in October, the fastest pace since November 2022. We covered how that wholesale inflation reading lined up with Bitcoin’s fall below $70,000.

That drop set off more than $1.6 billion in crypto liquidations on Nov. 13. Fund flows were also soft: U.S. spot Bitcoin ETFs saw $1.58 billion in net outflows from Nov. 2 through Nov. 10, according to Farside Investors data.

In other words, this is a rates-and-dollar story first. Nothing about Bitcoin’s network or supply schedule has changed.

What Happened After the Last Two Streaks

The two earlier streaks offer different lessons, and both deserve an honest look.

The longest ran nine weeks, from early April to the end of May 2022, and cost Bitcoin 37.1%. Prices kept falling after it ended. Four weeks later Bitcoin was another 28.6% lower, and the cycle low did not arrive until Nov. 21, 2022, at a $15,760 close.

The second ran six weeks, from late January to March 1, 2026, and cut the price by 29.8%. The rebound that followed was slow at first. Bitcoin was up just 0.3% four weeks after the streak ended.

Twelve weeks later, it was 17.0% higher. Twenty-six weeks later, it was up 18.1%, although the path included a lower close of $58,524 on June 30.

Two cases are not a forecast. In both, though, the eventual bottom came within four to six months of the streak ending, and Bitcoin later traded far above those lows.

The Weekly Close Numbers to Watch

To snap the streak, Bitcoin would need a Sunday close above $74,754. That would require a gain of about 17% from Saturday night’s price, which is a tall order in a single day.

The more realistic marker sits much closer. If this week closes below roughly $63,680, it would be Bitcoin’s largest weekly decline since the week ending Nov. 13, 2022, when it fell 22.0%.

The worst week since then, so far, was the 14.8% drop in the week ending Aug. 4, 2024, during a broad global market sell-off.

Price is also back near where the last big rally began. Bitcoin closed at $62,837 on Aug. 16, 2026, then gained 23.7% the following week.

Why We See Room for Patience

Momentum is now deeply stretched. As we noted earlier, Bitcoin’s daily RSI has fallen to about 20, a zone it has rarely reached since 2016.

Leverage has also stayed contained. Funding rates on the largest perpetual futures market have not topped 0.01% per eight hours since May, a sign that this slide is not unwinding a speculative frenzy.

We believe that combination, a macro-driven sell-off with restrained leverage and stretched momentum, is the kind of setup long-term Bitcoin holders have historically used to build positions.

The bigger picture helps too. Bitcoin is about 49% below its record close of $124,720 on Oct. 6, 2025. That is a far shallower drawdown than the 84% and 77% peak-to-trough declines of the previous two cycles, as our review of shrinking bear market drawdowns showed.

Each cycle has needed less damage to reset, and we read that as a sign of a broader, more durable holder base.

A sixth losing week would be painful. It would also put this streak in rare company, alongside two declines that, with time, gave way to recoveries.