Bitcoin and Ethereum Log Steep Losses in February 2026, Coinglass Data Shows
Q1 2026 returns for Bitcoin and Ethereum rank among their weakest historically, underscoring a sharp downturn relative to long-term averages.
BTC
ETH
NFT
Fact Check
Multiple high-authority and high-relevance primary sources directly cite Coinglass data showing that Bitcoin and Ethereum suffered significant declines in February 2026. The reported return rate for Bitcoin of approximately -14.94% places it among the worst monthly performances since 2013, and Ethereum is also described as having a substantial drop. These figures come from reputable crypto market news outlets referencing primary Coinglass metrics. Supporting context from ETF flow data, market stress indicators, and late-February price action further corroborates the downturn. No sources present contradictory evidence, and the details consistently affirm that Coinglass data indicated sharp declines for both assets during that month.
Summary
Coinglass reported that Bitcoin’s Q1 2026 return was -23.21%, the third-lowest quarterly performance since 2013, significantly below its historical average of 45.90%. Ethereum’s Q1 return came in at -32.17%, also its third-lowest since 2016, well under the historical average of 66.45% and median of 4.37%. These steep losses add to February’s previously reported declines in cryptocurrency and NFT markets, highlighting persistent weakness across both asset classes.
Terms & Concepts
- NFT: A non-fungible token representing unique digital assets on a blockchain, often used for art, collectibles, and virtual items.
- Bitcoin network: The decentralized blockchain system that processes and records Bitcoin transactions.
- Ethereum blockchain: A decentralized platform enabling smart contracts and applications, often used for issuing NFTs and other digital assets.