Bitcoin's having quite the turbulent year. We've seen it smash through all-time highs, only to get hammered by brutal sell-offs shortly after. The volatility is real.

What's catching attention now? BTC might actually close 2025 in the red - which would mark its first down year since 2022. That's a pretty significant shift considering how bullish the sentiment was earlier.

The swings have been absolutely wild. One week you're celebrating new records, the next you're watching massive liquidations cascade through the market. Classic crypto, right?

For anyone tracking the bigger picture, this potential annual decline raises some interesting questions about where we're headed next. Is this just a healthy correction after years of gains, or are we entering a different phase of the cycle?