Looking back at BTC's performance this year, to put it simply, it has given back some of last year’s crazy gains. Last year, it rose by 122%, outperforming nearly all other assets by more than 5 times, and such a performance was never going to continue indefinitely.

Even if 2025 ends up flat or slightly down, it still maintains an annualized historical average return of around 50%. Assets need to take a breather, and that's completely normal—stocks do the same, so there’s no need to overanalyze.

Market cycles are just about over-rising and then correcting, and after enough correction, they rise again. Some people are just overthinking it.