According to the source, digital asset funds attracted $47.2 billion across 2025. According to the source, altcoins surged past Bitcoin (BTC) over the period.

According to @charliebilello, gold is up 69% year to date in 2025, making it the best-performing major asset, source: @charliebilello on X, Dec 23, 2025; bilello.blog/newsletter. According to @charliebilello, Bitcoin is down 5% year to date in 2025, ranking as the worst-performing major asset, source: @charliebilello on X, Dec 23, 2025; bilello.blog/newsletter. According to @charliebilello, this best-versus-worst spread between gold and Bitcoin has not occurred before in any calendar year and is the inverse of 2013, source: @charliebilello on X, Dec 23, 2025; bilello.blog/newsletter.

According to @GracyBitget, the crypto 1.0 fast-money phase has ended and the crypto 2.0 cycle will center on global financial liquidity integration and using blockchain to optimize and reshape traditional finance, source: X post by @GracyBitget on Nov 27, 2025 https://twitter.com/GracyBitget/status/1993980068021117095. She adds that winners will be those delivering compliance and B2B enterprise-grade services, defining the next generation of market leaders, source: X post by @GracyBitget on Nov 27, 2025 https://twitter.com/GracyBitget/status/1993980068021117095. For trading, this thesis favors tracking compliant infrastructure, enterprise service providers, and projects focused on TradFi integrations as potential relative-strength beneficiaries in the next cycle, source: X post by @GracyBitget on Nov 27, 2025 https://twitter.com/GracyBitget/status/1993980068021117095.

According to @charliebilello, percent declines from 52-week highs are Apple -4%, Google -6%, S&P 500 -6%, Gold -7%, Microsoft -14%, Nvidia -15%, Amazon -16%, Tesla -20%, Palantir -25%, Meta -26%, Bitcoin (BTC) -32%, Ethereum (ETH) -44%, Coinbase (COIN) -47%, MicroStrategy (MSTR) -67%, Dogecoin (DOGE) -70%, Fartcoin -90%, Trump Coin -91%, and Melania Coin -99%. According to @charliebilello, the snapshot shows core crypto (BTC, ETH) and crypto-linked equities (COIN, MSTR) trading materially further below 52-week highs than most mega-cap stocks in the same list. According to @charliebilello, all figures reflect percent drawdowns versus 52-week highs as of Nov 20, 2025.

According to @nic__carter, crypto’s 2025 weakness reflects a rotation of attention and capital toward AI, data centers, quantum, and rare earth equities, leaving digital assets with few buyers and no clear catalysts; he contrasts this with 2022’s event-driven drawdowns that markets could work through. Source: @nic__carter on X, Nov 15, 2025. He characterizes crypto as the forgotten child in 2025 while the Magnificent Seven lead market narratives, resulting in a grind lower driven by exhaustion rather than discrete shocks. Source: @nic__carter on X, Nov 15, 2025. For trading strategy, he argues the four-year cycle and alt season playbooks are obsolete, shifting edge toward projects that deliver tangible value and utility instead of narrative momentum. Source: @nic__carter on X, Nov 15, 2025. He also cites a lingering DAT hangover as part of the demand drag, reinforcing a selective, fundamentals-first approach over broad crypto beta exposure. Source: @nic__carter on X, Nov 15, 2025.