
Derivatives Traders Quietly De-Risked in December, And It Wasnāt Fear
Q2 and Q3 of 2025 marked the strongest period of the year for crypto markets. Bitcoin surged from its April low of $76,332 to $114,020 by

Q2 and Q3 of 2025 marked the strongest period of the year for crypto markets. Bitcoin surged from its April low of $76,332 to $114,020 by

TLDR The crash in gold and silver triggers a rotation of capital toward underperforming assets like BTC. Short sellers lost $4.79 million in just one hour

TL;DR Risk-off sentiment and Fed rate cuts delay triggered a sharp decline. Massive liquidations and ETF outflows accelerated Bitcoin’s downward price movement. Analysts see a mid-cycle
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