Bitcoin's 5th Straight Weekly Loss: $87,000 to $76,500 — Only 2 Streaks in History Were Longer

Bitcoin is on course for a fifth consecutive weekly loss, falling from about $87,000 to roughly $76,500 across weeks 40 to 44. Only two losing streaks in Bitcoin's history were longer than this one. That single fact reframes the whole sell-off: this is no longer a bad week, it is a historically long grind lower, and the levels that end it are now unusually clear.

Bitcoin traded near $76,500 to $77,500 on November 3 as voting in the United States midterm elections got underway, down about 2% on the day at one point and roughly $30,000 below where it traded a year earlier, according to market coverage. The Crypto Fear & Greed Index read 26, firmly in "Fear" territory, down from 37 a day earlier in some readings. This article explains how the streak built up, how it compares with the only two longer streaks on record, which price levels actually matter now, and what has to happen for the streak to break.

This is not investment advice. The price levels below are reported technical and on-chain reference points, not guarantees, and the scenarios are labelled as scenarios. Bitcoin remains volatile, and a weekly streak can extend, snap back, or chop sideways with little warning.

How Bitcoin Got to Five Straight Weekly Losses

The streak did not start with one dramatic crash. It built week by week. Across weeks 40 to 44, Bitcoin slid from around $87,000 to roughly $76,500, according to CoinDesk's live market coverage on November 3. That is a fall of roughly $10,500, or about 12%, spread over five weeks rather than delivered in a single panic day. Slow, grinding declines are often harder for holders than sharp crashes, because there is no single moment to react to — just a lower close, week after week.

Several pressures landed at the same time. On October 29, attackers the FBI attributes to North Korea drained about $6.3 billion from Binance's hot wallets, the largest crypto theft on record. Bitcoin held up at first, then fell about 4% on the following Friday as more than $1.3 billion in leveraged positions were liquidated. United States spot Bitcoin ETFs shed $643.3 million that day, their largest single-day outflow since June 25, according to SoSoValue data cited in market coverage. By November 3, cumulative Bitcoin ETF outflows since the hack had exceeded $1 billion, with about $399 million of outflows on Monday, November 2 alone.

At the same time, the wider market turned cautious. A rout in chip stocks deepened before the midterm vote, Apple earnings weighed on sentiment, and investors were reassessing the outlook for Federal Reserve policy after the Fed held rates at 3.75% to 4.00% on October 28, with markets pricing a December hike. Oil, which had spiked above $100 on Iran tensions, fell sharply, but that did not spark a Bitcoin rally — a reminder that Bitcoin is not currently trading as a simple hedge against any single macro variable. Add in the midterm vote itself, with control of Congress and the fate of crypto market-structure legislation at stake, and the result was a market with plenty of reasons to wait.

None of this means the selling is only about one event. The hack, the ETF outflows, the tech sell-off and the election all pushed in the same direction at the same time. That stacking effect is exactly why a five-week streak is possible without a single day of capitulation: each week found a fresh reason not to buy the dip.

The Only Two Longer Streaks in Bitcoin History

CoinDesk reported on November 3 that a fifth consecutive weekly decline would mark Bitcoin's joint third-longest losing streak on record. UToday reported the same framing: Bitcoin remained under pressure on Tuesday, putting it on track for a fifth straight weekly loss, which would equal the joint third-longest run of weekly losses in its history.

Here is the comparison that matters, using the streaks cited in that coverage:

Losing streak	Length	What was happening
2022, weeks 14 to 21	8 consecutive weekly declines	The longest streak cited in the November 3 coverage, during the 2022 bear market unwind.
Early 2026, weeks 3 to 8	6 consecutive weekly declines	The second-longest streak cited, earlier this same year, before Bitcoin recovered to trade far higher later in 2026.
2026, weeks 40 to 44 (current)	5 consecutive weekly declines, on course	A fall from about $87,000 to roughly $76,500, driven by the Binance hack fallout, ETF outflows, tech weakness and midterm uncertainty.

Two lessons stand out from that table. First, long weekly losing streaks are rare — Bitcoin has only done this a handful of times in its history, which is why five weeks deserves attention rather than a shrug. Second, a long streak is not a permanent verdict. The early-2026 six-week streak happened in the same year that Bitcoin later traded above $126,000, its all-time high cited in recent coverage. Streaks end, and they often end without a neat announcement: one week simply closes higher, and only later does it become clear that the grind had stopped.

Counting methods can differ slightly between data providers — some count weekly closes, others count calendar weeks — so treat the exact ranking as "joint third-longest on the CoinDesk/UToday counting" rather than as a universal law. The substance does not change either way: five straight weekly losses puts the current decline in rare company.

The Levels That Decide Whether the Streak Ends

If you strip away the headlines, the chart now has a very tight battleground. Traders cited in November 3 coverage were watching support between $76,264 and $76,476, which lines up with the 200-day exponential moving average. Coinjuice's November 3 data report put the rising 200-day EMA at about $76,450, with the November 2 close only about 0.34% above it — a cushion that had shrunk from about 2.39% on November 1. The September low sits below at $74,967.

On-chain data adds another nearby floor. The short-term holder realised price — roughly, the average cost basis of more recent buyers — was cited at about $75,820. Our recent coverage of Bitcoin's $76,000 break-even line found short-term holders sitting just about 2% in profit at $76,000, which explains why this zone is so contested: a break below it would push a large cohort of recent buyers underwater at once.

Above, the levels are just as clear. The 50-day EMA sits near $80,800, and $78,500 has repeatedly capped rallies — Bitcoin reached a local high of $78,750 after the Sunday weekly close before sliding again, according to Cointelegraph's November 2 analysis. Analyst Rekt Capital warned that failure to break beyond $78,500 opened the door to levels below $76,000. Further up, $85,000 to $87,500 was cited as a supply wall, roughly where this five-week slide began.

Put together, the map looks like this:

Level	Why it matters
$74,967	September low — the next obvious downside target if $76,264 breaks.
$75,820	Short-term holder cost basis — a break below it flips recent buyers to losses on average.
$76,264 to $76,476	Support zone lined up with the 200-day EMA at about $76,450.
$78,500	Repeated rally cap; reclaiming it is the first sign the streak may be ending.
$80,800	50-day EMA — the first major resistance above $78,500.
$85,000 to $87,500	Supply wall and the zone where the five-week slide began.

For readers new to these tools, our guide to how to read crypto charts explains moving averages, support and resistance in plain language, and our complete beginner's guide to Bitcoin explains why a fixed supply of 21 million coins does not prevent long declines like this one.Three Scenarios for the Next Weeks — Labelled, Not Promised

Scenarios are useful only if they say what would prove them wrong. Here are three, with the trigger for each:

Scenario	Trigger	What it would mean
Bearish extension	Weekly close below $76,264, then below $74,967	The streak extends to six weeks, matching the early-2026 run, and the next debate becomes whether the 2022 eight-week record is in play. ETF outflows and risk-off sentiment would likely still be driving it.
Base case: sideways grind	Bitcoin holds $76,000 to $79,000 into the November 6 jobs report	The streak ends technically with a flat-to-slightly-higher week, but nothing is resolved. This was the base case in one November 3 daily brief, at 45% probability, with options positioning near $77,500 pinning the price.
Bullish break	Daily closes back above $78,500, then above $80,800	The streak is over in a meaningful way, not just on a technicality. A move toward $84,000 to $85,000 becomes the next test, as one analyst noted for November if $81,000 is cleared first.

Notice what is missing from all three scenarios: a prediction that Bitcoin must bounce because it has fallen a lot. Five weeks down does not create a law that week six must be up. The early-2026 streak ran to six weeks, and the 2022 streak ran to eight. Mean reversion is a tendency over long horizons, not a promise for next week.

What Most People Get Wrong About a Weekly Losing Streak

First, a weekly losing streak is not the same as a crash. Bitcoin is about 39% below its $126,080 to $126,156 all-time high, depending on the data source, but the current leg from $87,000 to $76,500 is about 12%. That distinction matters for position sizing: this is a correction inside a much larger drawdown from the high, not a fresh collapse from the top.

Second, ETF outflows do not mean everyone is selling. Spot Bitcoin ETF flows are one channel, and a $399 million outflow day is significant, but it sits alongside exchange flows, over-the-counter trading and long-term holders who are not moving coins at all. Our explainer on how spot Bitcoin ETFs work breaks down why ETF flows move headlines more than they move the entire market. For the flow picture in detail, see our guide to how to read Bitcoin ETF flows.

Third, the midterm result alone will not fix crypto regulation. The CLARITY Act failed a Senate cloture vote 49 to 50 on September 15, well short of the 60 votes needed to advance it, and any bill not enacted by January 3, 2027 dies with this Congress. As our midterm explainer set out, 60 votes still decide everything — no election outcome on its own passes the law. Prediction markets on election night gave Democrats a very high chance of taking both chambers, but the Senate's 60-vote threshold does not move with the majority. The lame-duck session to January 3, and then the new Congress, are the real legislative calendar — not election night itself.

Fourth, "fear" is not a buy signal by itself. A Fear & Greed reading of 26 tells you sentiment is poor. It does not tell you sentiment cannot get poorer, or stay poor for weeks. The 2022 eight-week streak is proof that fear can persist far longer than feels reasonable in the moment.

What to Watch Next: Jobs, Lame Duck, and Binance

The next hard catalyst is the United States jobs report for October, due Friday, November 6 at 8:30 a.m. ET. Markets are already positioned around it: one November 3 brief noted that tomorrow's options max pain at $77,500 was pinning the price nearby, and that leverage had largely been flushed out of the market even as spot ETF selling continued. A strong or weak jobs print could move Fed hike expectations for December, and through them, risk assets including Bitcoin.

After that, watch the lame-duck session. Senator Angela Alsobrooks, one of the CLARITY Act negotiators, was cited as still considering a deal possible before the new Congress starts on January 3. Industry voices are more sceptical: 1inch deputy general counsel Maylea Ma told Cointelegraph she expects federal agencies — the SEC, CFTC and Treasury — rather than Congress to drive the next phase of US crypto regulation, with agency guidance that a future administration can reverse. That is a slower, messier path than a statute, and it is one reason serious capital may keep waiting even after the election dust settles.

Finally, watch Binance itself. The exchange began a phased reopening of withdrawals, starting with Bitcoin, after the $6.3 billion hack, and Elliptic found stolen funds passed through about 12,000 wallets in under four days. Further reopening steps, proof-of-reserves updates and any recovery of funds would each remove a source of uncertainty that has hung over this streak. Our recent coverage of the Binance $6.34 billion heist sets out the five checks that protect coins held on any exchange.

Checklist: 5 Checks Before You Buy This Dip

If you are considering buying into a five-week decline, run through these checks first. They are risk checks, not a recommendation:

• Check your time horizon first: money you need in weeks should not be in an asset that just fell five weeks in a row.
• Check the level, not the feeling: decide in advance which close — below $76,264 or above $78,500 — would change your mind, and write it down.
• Check your position size: staggered entries and modest sizing beat a single all-in buy in a falling market, as several November 3 market notes advised.
• Check where your coins live: exchange risk is real after a $6.3 billion hack; our guide to storing crypto safely covers cold storage and seed phrases.
• Check the ETF flow trend: one green day does not end an outflow streak; look for several days of inflows before calling a sentiment shift.

For first-time buyers, our complete guide to buying Bitcoin and our Bitcoin price history guide put this streak in the context of every previous bull run and crash — useful perspective when five red weeks feel endless.

FAQs

Is Bitcoin in a bear market after five weekly losses?

Not by the usual definition alone. Bitcoin is about 39% below its all-time high, which is a deep correction, but a five-week losing streak is a momentum fact, not a formal bear-market declaration. The 2022 eight-week streak happened inside a bear market; the early-2026 six-week streak did not prevent a later run to new highs. Judge the trend by closes above or below the levels in this article, not by the streak count alone.

What is the longest Bitcoin weekly losing streak ever?

On the counting used in CoinDesk's November 3 live coverage, the longest was eight weeks in 2022, between weeks 14 and 21, followed by six weeks earlier in 2026, between weeks 3 and 8. A fifth straight weekly loss in November 2026 would therefore rank joint third-longest. Different providers count weekly closes slightly differently, so small variations exist.

Why is Bitcoin falling if oil fell and stocks stabilised at times?

Because no single driver explains it. The Binance hack fallout, more than $1 billion in ETF outflows since the hack, tech-stock weakness, Fed hike expectations and midterm uncertainty all pushed the same way. When several pressures align, Bitcoin can fall even on days when one of them eases.

What price would end the losing streak?

Technically, any weekly close above the previous week's close ends the streak. Meaningfully, traders are watching $78,500 first, then the 50-day EMA near $80,800. A weekly close back above $78,500 after five down weeks would be the first real sign of a shift, not just a flat week.

Does the midterm election change Bitcoin regulation immediately?

No. The GENIUS Act on stablecoins is already law, and the CLARITY Act still needs 60 Senate votes. No election outcome alone delivers those 60 votes, and any bill not enacted by January 3, 2027 must be reintroduced in the new Congress. Expect agency guidance from the SEC, CFTC and Treasury to matter more in the near term than a single election night.

Should I buy Bitcoin after five straight weekly losses?

That depends on your horizon, risk tolerance and position size — this article cannot answer it for you. What the history does say is that long streaks have ended both ways: sometimes they marked exhaustion before a recovery, and sometimes, as in 2022, they ran to eight weeks. Use the checklist above, never invest money you cannot afford to lose, and consider speaking to a qualified financial adviser for personal decisions.

Conclusion

Five straight weekly losses puts Bitcoin in rare historical company — behind only the eight-week streak of 2022 and the six-week streak of early 2026. The fall from about $87,000 to roughly $76,500 was not one crash but five weeks of stacked pressures: a record exchange hack, more than $1 billion in ETF outflows, a tech sell-off, and an election that cannot by itself fix the 60-vote problem in the Senate.

The way out is also clear, and it is written in levels, not headlines. Hold $76,264 and the 200-day EMA near $76,450, and the streak is living on borrowed time. Reclaim $78,500 and then $80,800, and it is over in a meaningful way. Lose $74,967, and the conversation shifts to whether this streak can match the eight-week record. Friday's jobs report is the next catalyst that could force the issue — but as the last five weeks have shown, Bitcoin rarely waits for a convenient moment to decide.

Sources: CoinDesk live market coverage, November 3, 2026 (CoinDesk); UToday, November 3, 2026 (UToday); Cointelegraph, November 2, 2026 (Cointelegraph); Bitcoin Magazine, November 3, 2026 (Bitcoin Magazine); Cointelegraph midterm live results (Cointelegraph).