February Showdown: Shiba Inu (SHIB) and Bitcoin Face Off

As we enter February 2026, the environment looks promising for both Bitcoin and Shiba Inu (SHIB). Historically, these two cryptocurrencies have rarely experienced growth at the same time during this month.

Key Takeaways

Only once in the last four years have SHIB and BTC both recorded gains in February.
Bitcoin traditionally shows stronger performance with an average return of +14.3%.
SHIB demonstrated extraordinary volatility with a 41.3% gain in February 2024.
January 2026 saw both cryptocurrencies rise, suggesting a rare bullish scenario.
A historical analysis indicates that if both coins finish February on a positive note, it would be only the second instance in history.

February Showdown: Shiba Inu (SHIB) and Bitcoin Face Off

Overview of February Performance

According to CryptoRank, over the past four cycles, SHIB and BTC have only recorded a simultaneous positive performance in February in 2022. In other years, usually, either SHIB experienced a decline while BTC appreciated, or both cryptocurrencies faced double-digit drops, as was the case in the previous year.

Statistically, Bitcoin has dominated February with an average return of +14.3% and a median of +12.2% based on data spanning more than ten years. In contrast, Shiba Inu averages a return of +9.26% with a median of +10.9%, but data samples are significantly fewer.

Price Comparison Chart _Source:_CoinMarketCap

Volatility and Recent Trends

While SHIB has fewer instances of data, its volatility compensates for this, having shown a remarkable 41.3% gain in February 2024, while Bitcoin barely moved. In January 2026, both cryptocurrencies rallied: SHIB increased by 25.9%, and Bitcoin rose by 8.37%, producing a rare bullish signal as they entered February. However, the data suggests that one of them may underperform this month, as the odds do not favor continuous growth for both.

The SHIB/BTC weekly chart highlights an existing imbalance. Since November 2021, SHIB has lost over 93% of its value compared to Bitcoin. Each temporary surge has been followed by declines, placing the current trading levels at the lowest since SHIB’s dramatic rise in 2021.

Despite SHIB’s impressive spikes, such as those seen in the first quarter of 2024, the long-term trend against BTC remains downward.

For context, SHIB's periods of outperformance are usually brief and disconnected from broader market movements. Bitcoin tends to have steady growth while SHIB’s gains are typically sharp and fleeting, rarely occurring concurrently. Whenever they do move up together, it tends not to last long.

If this February concludes with both cryptocurrencies in the green, it will signify only the second time in history that this has happened—an event that many are watching closely.