Bitcoin fell in both the first and second quarters of 2026, only the third time it has opened a year that way. In the two earlier instances, 2018 and 2022, the second half brought no rescue. Bitcoin has started 2026 with two consecutive losing quarters, falling about 22% in the first quarter and 14% in the second, a pattern previously seen only in the structurally bearish years of 2018 and 2022. While bitcoin’s historical seasonality points to weak third quarters and strong fourth quarters, tho…
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