Bitcoin on the brink of its longest losing streak on record

Group 1 - Bitcoin (BTC) is currently trading around $67,200, close to breaking a five-month losing streak, which would be unprecedented as it has never recorded six consecutive monthly declines in its 17-year history [1] - The S&P 500 has declined approximately 6% over the past month, while gold has dropped about 10%, indicating that Bitcoin has shown more resilience compared to these assets [2] - Blockchain data suggests bearish flows, leading to expectations that Bitcoin may retest the $60,000 lows, with March's performance being characterized as a relief rally within a broader crypto winter [2] Group 2 - Fundstrat's head of digital assets remains cautious about Bitcoin's recent resilience, suggesting it is a good time to preserve capital and wait for clearer market signals [3] - Bernstein analysts believe Bitcoin may have reached a low point, with one analyst stating that "Bitcoin looks bottomed" and reaffirming a price target of $150,000 by the end of 2026 [4] - Recent trends show that exchange-traded funds (ETFs) now hold over 6% of Bitcoin's supply, and major buyers like MicroStrategy (MSTR) are accumulating significant amounts, currently holding at least 3.6% of the total supply [4]