According to @BullTheoryio, year-to-date in 2025 silver is up 165%, gold is up 72%, and the Nasdaq is up 22%, while Bitcoin (BTC) is down 6.60% and Ethereum (ETH) is down 12.32% (source: @BullTheoryio on X, Dec 28, 2025). According to @BullTheoryio, this divergence is linked to a pivotal Oct 10 date for crypto, with the author outlining two possibilities: either a behind-the-scenes issue in the crypto market since Oct 10 that has not surfaced yet, or an alternative explanation not detailed in the excerpt (source: @BullTheoryio).

According to @KobeissiLetter, the MSCI All Country World Index (ACWI) is up roughly 20% year-to-date, putting this year on track for its strongest annual performance since 2019, source: @KobeissiLetter. This advance is nearly double the 10-year average return of about 11% and would mark a third consecutive annual gain in the index, signaling a broad risk-on backdrop across global equities, source: @KobeissiLetter. For crypto traders, risk-on equity regimes have historically coincided with stronger co-movement between Bitcoin and stocks, with the IMF documenting a sharp rise in BTC–S&P 500 correlation during 2020–2021, source: IMF blog by Tobias Adrian, Tara Iyer, and Mahvash S. Qureshi Narain, 2022. This cross-asset linkage suggests monitoring ACWI momentum and equity volatility as inputs for BTC and ETH positioning and risk management when equity strength accelerates, source: IMF blog by Tobias Adrian, Tara Iyer, and Mahvash S. Qureshi Narain, 2022.

According to @charliebilello, gold is up about 60% year to date in 2025, making it the best-performing major asset. Source: Charlie Bilello on X (Dec 6, 2025); bilello.blog/newsletter. According to @charliebilello, Bitcoin (BTC) is down about 4% year to date in 2025, ranking as the worst-performing major asset. Source: Charlie Bilello on X (Dec 6, 2025); bilello.blog/newsletter. According to @charliebilello, this gold-leads and Bitcoin-lags setup has not occurred in any prior calendar year and is the inverse of 2013. Source: Charlie Bilello on X (Dec 6, 2025); bilello.blog/newsletter. For traders, the GLD versus BTC year-to-date performance spread is roughly 64 percentage points, underscoring extreme cross-asset dispersion to monitor in momentum and rotation screens. Source: Calculated from @charliebilello’s reported figures; Charlie Bilello on X (Dec 6, 2025).

According to @charliebilello, Bitcoin is now down 4% year-to-date in 2025 after being up over 35% in early October, with a current drawdown of 29% from the recent high, source: @charliebilello on X, Nov 18, 2025. According to @charliebilello, this shift represents roughly a 39 percentage-point swing from early October to mid-November, underscoring a sharp momentum reversal that is directly relevant for BTC risk management and positioning, source: @charliebilello on X, Nov 18, 2025.