Why Bitcoin Is The Only Major Asset Underperforming Despite Strong Fundamentals

bitcoinistОпубликовано 2025-12-21Обновлено 2025-12-21

Введение

Bitcoin is underperforming compared to other major assets like gold and stocks, despite strong fundamentals such as robust network security, dominant long-term holder supply, and unprecedented institutional access. Analysts point to hedging and synthetic leverage as factors driving its price rather than investor conviction. Although the U.S. has a pro-Bitcoin administration, institutional demand is growing, and Michael Saylor’s Strategy has acquired large amounts of BTC, the cryptocurrency remains down 6% year-to-date and 30% below its all-time high. Some experts emphasize that global liquidity trends are key to Bitcoin’s long-term performance. Despite current fear in the market, whales are accumulating BTC, suggesting potential future gains. The advice for investors is to hold and wait.

In the financial landscape, Bitcoin stands out as one of the few major assets that have failed to keep pace with broader market gains. This underperformance comes despite strong underlying fundamentals, where its price is being governed by the mechanics of hedging and synthetic leverage rather than the conviction of its holders. Network security remains strong, long-term holders continue to dominate supply, and institutional access has never been broader.

How This Cycle Looks Different For Bitcoin

There’s no satisfying explanation for one of the strangest market outcomes of the year. An entrepreneur, Bitcoin investor, and founder of Wealth Mastery, Lark Davis, has mentioned on X that Bitcoin is the only asset underperforming, while gold and stocks are printing all-time highs, and 2025 was supposed to be the golden moment for BTC.

Davis highlighted that in 2025, the United States had a pro-BTC administration for the first time in history, and there was demand for the cryptocurrency and peak adoption from institutions and nation-states. Macro conditions turned supportive, and Wall Street has effectively rolled out the red carpet for BTC.

At the same time, Michael Saylor’s Strategy purchased a BTC supply greater than the average daily production of miners. Despite all this bullishness, BTC is still down 6% from its yearly open and still around 30% below its all-time high. Meanwhile, the rest of the crypto looks worse as altcoins have been crushed, with many down 80% to 90% over the last two years.

The 2026 Bitcoin chart will be the most important to watch. A full-time crypto trader and investor, Daan Crypto Trades, highlighted that Global liquidity is the metric to watch for BTC’s long-term performance. It’s not a holy grail that works every single day, but there are shorter-term deviations right now.

Source: Chart from Daan Crypto Trades on X

When overlaying global liquidity growth with long-term price performance, it shows that the peaks and troughs align with remarkable accuracy. Daan believes that this BTC setup is more important than a rate cut, and the overall stock market performance will reveal a good signal.

Whale Accumulation While The Market Hesitates

While fear dominates across the market, a whale has been quietly buying BTC since yesterday. Crypto educator Wilberforce Theophilus revealed that over the past 24 hours, more than 2,509.2 BTC, which is approximately $221 million worth of BTC, has been accumulated.

According to Wilberforce, December 2020 was objectively worse than today, but in January 2021, BTC was $1 and then rallied to $19,000. December 2025 doesn’t stand out as extremely bearish when viewed through a long-term lens. “I have just one piece of advice: HODL and WAIT,” the expert noted.

BTC trading at $88,264 on the 1D chart | Source: BTCUSDT on Tradingview.com

Связанные с этим вопросы

QAccording to the article, why is Bitcoin underperforming despite its strong fundamentals?

AThe article states that Bitcoin's price is being governed by the mechanics of hedging and synthetic leverage rather than the conviction of its holders, despite strong network security, long-term holder dominance, and broad institutional access.

QWhat did Lark Davis mention about Bitcoin's performance compared to other assets?

ALark Davis mentioned on X that Bitcoin is the only major asset underperforming, while gold and stocks are printing all-time highs, and that 2025 was supposed to be the golden moment for BTC.

QWhat key metric did Daan Crypto Trades highlight as crucial for Bitcoin's long-term performance?

ADaan Crypto Trades highlighted that global liquidity is the crucial metric to watch for Bitcoin's long-term performance, noting that its peaks and troughs align with BTC's price performance with remarkable accuracy.

QWhat significant accumulation activity was reported by Wilberforce Theophilus?

AWilberforce Theophilus revealed that over a 24-hour period, a whale accumulated more than 2,509.2 BTC, which is approximately $221 million worth of Bitcoin.

QWhat historical comparison did Wilberforce Theophilus make to the current market situation?

AWilberforce Theophilus compared the current market to December 2020, stating it was objectively worse, but was followed by a rally from $1 to $19,000 in January 2021, advising to 'HODL and WAIT' through the current period.

Похожее

Chip Stocks Hit Record Highs Since 2000, SaaS Stocks Fall to Yearly Lows: Two Worlds Under the AI Divide

The article highlights a stark divergence in the tech market driven by AI: semiconductor stocks are surging while SaaS stocks plummet. On April 23, Texas Instruments saw its best single-day performance since 2000, with Q1 revenue up 19% and data center revenue surging 90%. Intel also reported blowout results, with revenue far exceeding expectations and its stock rising over 20% after hours. The semiconductor ETF (SMH) is up nearly 28% this year. In contrast, SaaS companies like ServiceNow and IBM experienced historic declines, with ServiceNow dropping 18% despite beating earnings estimates. The software ETF (IGV) has entered a technical bear market, losing about $2 trillion in market cap. The trend, dubbed "SaaSpocalypse," reflects fears that AI agents could reduce the need for software licenses and enable companies to build internal tools instead of relying on SaaS subscriptions. The market is rotating capital from software to semiconductors, betting on AI infrastructure as a safer play. Chip stocks now trade at high valuations—Texas Instruments at a P/E over 50, Intel at 120 times forward earnings—pricing in years of growth. However, this depends on continued massive AI capital expenditure from tech giants. If spending slows, the trend could reverse. For now, the divide persists: chips celebrate, SaaS struggles.

marsbit12 мин. назад

Chip Stocks Hit Record Highs Since 2000, SaaS Stocks Fall to Yearly Lows: Two Worlds Under the AI Divide

marsbit12 мин. назад

From Robinhood to Polymarket: Is the Era of Integrating All Assets on a Single Platform Coming?

From Robinhood to Polymarket: The Era of All-in-One Asset Platforms Is Coming Asset classes are rapidly converging. Platforms that once specialized in single categories—such as stocks, cryptocurrencies, or prediction markets—are now moving toward offering all three. Robinhood pioneered this model, starting with equities, adding crypto in 2018, and prediction markets in 2025. This strategy has proven resilient: when crypto revenues fell, other segments like options and stocks filled the gap. Now, prediction market leaders Polymarket and Kalshi are moving in the same direction, both announcing perpetual futures trading on April 21, 2026, pending regulatory approval. These futures will cover assets like Bitcoin, gold, and stocks such as Nvidia. This trend mirrors the consolidation seen in consumer tech, like smartphones replacing dedicated cameras and MP3 players. Younger users, accustomed to interacting with multiple asset types from an early age, will increasingly demand unified platforms. A key competitive advantage in prediction markets is collateral utilization—idle assets locked during betting periods. Polymarket’s move into perpetuals may be a strategy to generate yield from that capital, similar to earlier DeFi integrations like PolyAave. As the regulatory landscape evolves, traditional finance is also likely to incorporate crypto and prediction markets, further accelerating this convergence.

marsbit12 мин. назад

From Robinhood to Polymarket: Is the Era of Integrating All Assets on a Single Platform Coming?

marsbit12 мин. назад

OpenAI Goes Left, DeepSeek Goes Right

On April 24, 2026, DeepSeek released V4, a Chinese large language model offering a free "million-token context window," enabling it to process vast amounts of data like entire books or years of corporate documents in one go. In contrast, OpenAI’s GPT-5.5, released around the same time, is more powerful but significantly more expensive, charging up to $180 per million output tokens. DeepSeek’s strategy represents a shift from a pure AI research firm to a heavy-infrastructure player, building data centers in Inner Mongolia’s Ulanqab to bypass U.S. chip export restrictions. This move, supported by Huawei’s Ascend chips and China’s cheap green electricity, highlights a fundamental divergence in AI development models: U.S. firms focus on high-cost, high-margin services, while Chinese players like DeepSeek prioritize accessibility and affordability. Facing intense talent poaching from tech giants, DeepSeek is seeking a $44 billion valuation funding round to retain researchers and scale infrastructure. Meanwhile, Chinese manufacturers are compressing AI models to run on smartphones, making AI accessible offline and across the Global South. Through open-source models and localized solutions, Chinese AI is empowering non-English speakers and low-income users, driving a form of "digital equality." While Silicon Valley builds walled gardens, DeepSeek and others are turning AI into a public utility—like tap water—flowing freely to those previously left behind.

marsbit38 мин. назад

OpenAI Goes Left, DeepSeek Goes Right

marsbit38 мин. назад

Sam Bankman-Fried Backs Off New Trial Request, Keeps Pressure On Judge Removal

Sam Bankman-Fried has withdrawn his request for a new trial, stating he does not expect a fair hearing from Judge Lewis Kaplan, who oversees his criminal case. He withdrew the motion without prejudice, meaning he can refile it after his appeal and a separate request to remove Kaplan from the case are resolved. Bankman-Fried is serving a 25-year sentence for fraud related to the collapse of FTX. The withdrawal followed a court-ordered inquiry into whether he had legal help drafting an earlier filing, which he denied. His efforts to replace the judge and appeal his conviction continue. Outside court, he has sought a pardon, but former President Trump has indicated he will not grant one.

bitcoinist1 ч. назад

Sam Bankman-Fried Backs Off New Trial Request, Keeps Pressure On Judge Removal

bitcoinist1 ч. назад

$292 Million KelpDAO Cross-Chain Bridge Hack: Who Should Foot the Bill?

On April 18, 2026, an attacker stole 116,500 rsETH (worth ~$292M) from KelpDAO’s cross-chain bridge in 46 minutes—the largest DeFi exploit of 2026. The stolen assets were deposited into Aave V3 as collateral, causing $177–200M in bad debt and triggering a cascade of losses across nine DeFi protocols. Aave’s TVL dropped by ~$6B overnight. This legal analysis argues that KelpDAO and LayerZero Labs share concurrent liability, with fault apportioned 60%/40%. KelpDAO negligently configured its bridge with a 1-of-1 decentralized verifier network (DVN)—a single point of failure—despite LayerZero’s explicit recommendation of a 2-of-3 setup. LayerZero, which operated the compromised DVN, failed to secure its RPC infrastructure against a known poisoning attack vector. Both protocols’ terms of service cap liability at $200 (KelpDAO) or $50 (LayerZero), but these limits are likely unenforceable due to unconscionability, gross negligence exceptions, and potential securities law invalidation (if rsETH is deemed a security under the Howey test). Aave’s governance also faces fiduciary duty claims for raising rsETH’s loan-to-value ratio to 93%—far above competitors’ 72–75%—without adequately assessing bridge risks, amplifying the systemic fallout. Practical recovery targets include LayerZero Labs (a registered Canadian entity), KelpDAO’s founders, auditors, and identifiable Aave governance delegates. The incident underscores escalating legal risks for DeFi protocols, infrastructure providers, and governance participants.

marsbit1 ч. назад

$292 Million KelpDAO Cross-Chain Bridge Hack: Who Should Foot the Bill?

marsbit1 ч. назад

Торговля

Спот
Фьючерсы

Популярные статьи

Как купить S

Добро пожаловать на HTX.com! Мы сделали приобретение Sonic (S) простым и удобным. Следуйте нашему пошаговому руководству и отправляйтесь в свое крипто-путешествие.Шаг 1: Создайте аккаунт на HTXИспользуйте свой адрес электронной почты или номер телефона, чтобы зарегистрироваться и бесплатно создать аккаунт на HTX. Пройдите удобную регистрацию и откройте для себя весь функционал.Создать аккаунтШаг 2: Перейдите в Купить криптовалюту и выберите свой способ оплатыКредитная/Дебетовая Карта: Используйте свою карту Visa или Mastercard для мгновенной покупки Sonic (S).Баланс: Используйте средства с баланса вашего аккаунта HTX для простой торговли.Третьи Лица: Мы добавили популярные способы оплаты, такие как Google Pay и Apple Pay, для повышения удобства.P2P: Торгуйте напрямую с другими пользователями на HTX.Внебиржевая Торговля (OTC): Мы предлагаем индивидуальные услуги и конкурентоспособные обменные курсы для трейдеров.Шаг 3: Хранение Sonic (S)После приобретения вами Sonic (S) храните их в своем аккаунте на HTX. В качестве альтернативы вы можете отправить их куда-либо с помощью перевода в блокчейне или использовать для торговли с другими криптовалютами.Шаг 4: Торговля Sonic (S)С легкостью торгуйте Sonic (S) на спотовом рынке HTX. Просто зайдите в свой аккаунт, выберите торговую пару, совершайте сделки и следите за ними в режиме реального времени. Мы предлагаем удобный интерфейс как для начинающих, так и для опытных трейдеров.

1.2k просмотров всегоОпубликовано 2025.01.15Обновлено 2025.03.21

Как купить S

Sonic: Обновления под руководством Андре Кронье – новая звезда Layer-1 на фоне спада рынка

Он решает проблемы масштабируемости, совместимости между блокчейнами и стимулов для разработчиков с помощью технологических инноваций.

2.2k просмотров всегоОпубликовано 2025.04.09Обновлено 2025.04.09

Sonic: Обновления под руководством Андре Кронье – новая звезда Layer-1 на фоне спада рынка

HTX Learn: Пройдите обучение по "Sonic" и разделите 1000 USDT

HTX Learn — ваш проводник в мир перспективных проектов, и мы запускаем специальное мероприятие "Учитесь и Зарабатывайте", посвящённое этим проектам. Наше новое направление .

1.8k просмотров всегоОпубликовано 2025.04.10Обновлено 2025.04.10

HTX Learn: Пройдите обучение по "Sonic" и разделите 1000 USDT

Обсуждения

Добро пожаловать в Сообщество HTX. Здесь вы сможете быть в курсе последних новостей о развитии платформы и получить доступ к профессиональной аналитической информации о рынке. Мнения пользователей о цене на S (S) представлены ниже.

活动图片

Топ вопросы

Популярные категорииright-arrow

Популярные тегиright-arrow