I still haven't seen a good explanation why Bitcoin is the only underperforming asset this year while gold & stocks hit ATH. 2025 was supposed to be the golden age of Bitcoin In 2025, we saw a pro-Bitcoin US administration for the first time We saw insane demand and peak adoption from institutions and nation-states Macro conditions continued to loosen Wall Street rolled out the red carpet for Bitcoin Saylor bought more BTC supply than miners mined every day on average Despite all this bullishness, BTC is down 6% from yearly open and 30% down from its ATH Altcoins have been decimated, with most alts down 80-90% in the past 2 years The entire crypto market feels like a goblin town.(Lark Davis)