Since Bitcoin reached a historic high of $126,000 on October 6, the overall performance of crypto assets has significantly lagged behind traditional safe-haven and risk assets.
Performance comparison over the past 3 months:
🥇 Gold: +11%
📈 S&P 500: +3%
₿ Bitcoin: -26%
In the past three months, capital has chosen "stability" and "hedging" rather than high elasticity.
This is also why crypto assets have clearly underperformed gold and US stocks. Bitcoin is in a "high-level pullback + sentiment recovery period," not simply weakening, but due to: previous large gains, digestion of high-level chips, and a decline in risk appetite.
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Since Bitcoin reached a historic high of $126,000 on October 6, the overall performance of crypto assets has significantly lagged behind traditional safe-haven and risk assets.
Performance comparison over the past 3 months:
🥇 Gold: +11%
📈 S&P 500: +3%
₿ Bitcoin: -26%
In the past three months, capital has chosen "stability" and "hedging" rather than high elasticity.
This is also why crypto assets have clearly underperformed gold and US stocks. Bitcoin is in a "high-level pullback + sentiment recovery period," not simply weakening, but due to: previous large gains, digestion of high-level chips, and a decline in risk appetite.