2025-12-24 23:23:35

This year's Bitcoin market has been full of twists and turns. At the beginning of the year, it hovered around $93,000, and many people were optimistic about the future. By early October, Bitcoin had surged past its previous high of $126,000, seemingly ready to start a new rally. But what happened next? By November, the price had plummeted below $94,000, wiping out the entire year's gains.

How painful is this result? Let's look at it from another perspective—if you bought Bitcoin at any point at the beginning of the year and held until the end, your return would even be worse than some stable income products. As an asset touted as "digital gold," its performance is indeed disappointing.

What’s even more disheartening are the liquidation data. On October 8 alone, 170,000 traders worldwide were liquidated, with a total amount of up to $645 million. Many people not only failed to make money but also lost their principal.

Some are starting to ask, is Bitcoin really no good anymore? Looking around, this year the US stock market's S&P 500 rose 12%, gold remained steady, and even the traditionally volatile A-shares seem to outperform Bitcoin. Compared to these, it’s easy to start doubting.

But now is not the time for emotional venting. Although Bitcoin's performance this year has been underwhelming, understanding the underlying logic is more reliable than blindly complaining. Market volatility is normal; the key is to understand how this wave of market movement came about.

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airdrop_huntress

· 7h ago

Another year of getting chopped up, still calling it "digital gold," laugh my ass off --- 6.45 billion in liquidation in one day, how many people are following leverage? --- Talking about logic, in reality, it's just being crushed by the market --- Turns out, holding from the beginning of the year to the end is not as good as putting money in the bank, who can withstand that? --- US stocks up 12%, gold remains steady, why am I still going all-in here? --- The high point in October is really a big trap, anyone who believes it is doomed --- Every time I say I understand the logic and market, I still get chopped up the same way --- S&P and gold are both shining, Bitcoin is really underperforming --- What does it mean to have 170,000 liquidated? How crazy must the market be? --- Buy at the beginning of the year and sell at the end, returns are not even better than Yu'e Bao, I'm really broken

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PaperHandsCriminal

· 7h ago

It's the same story again. How are the brothers who bought at the beginning of the year feeling now? Haha I told you, holding a position is just betting on whether your mentality is strong enough. Fallen from 126,000 to 94,000, this move really opened my eyes. The S&P gained 12%, but in our crypto circle, we're in negative territory. Speechless. The story of 170,000 liquidations on October 8th, just hearing it hurts. Digital gold? Digital pulp is more accurate. Go away. Everyone says they understand the logic, but logic can't fill the holes in your wallet. Brothers holding positions, stop messing around. What more can happen now that it's fallen this far? That's why I say winning in Bitcoin is not easy. Holding until the end of the year instead of buying financial products at the beginning of the year is just ridiculous.

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HashRatePhilosopher

· 7h ago

Damn, a whole year of work and still losing money, this is my daily life of holding coins.

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MoonRocketTeam

· 7h ago

Many people probably got rekt on that day in October, burning through 645 million USD just like that... The quality of this booster is really questionable. --- Honestly, going from 126,000 to 94,000 really drained people's dopamine. It's time to reflect on what needs to be reflected. --- Don't ask me how I see it, just wait for the next launch window. This time, the parameters clearly weren't set properly. --- It really turned digital gold into digital pulp, haha. --- The key is to understand the logic behind this wave of market movement, or else you'll get harvested again next time. --- I was just watching on the sidelines when 170,000 people got liquidated that day. I was a bit scared and didn't go all in. Now I’m glad I’m inexperienced, haha. --- With such strong resistance on the orbit, the rocket still wants to reach the moon. First, get the engine checked.

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RektRecovery

· 7h ago

ngl, the 126k pump and dump pattern was textbook leverage trap. i literally called this exploit vector back in september—predictable vulnerability in the futures market architecture. 17 million liquidations in a single day? that's not volatility, that's security theater disguised as price discovery. the "digital gold" narrative aged like milk lol

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YieldWhisperer

· 7h ago

nah the math literally doesn't check out here. 17万 liquidations in one day? that's not volatility, that's a classic death spiral pattern i've seen before

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