Deep Dive Special: Bitcoin Bull Market Post-Mortem

Bitcoin News Digest Special Reports & Debates · Dec 7, 2025 · 30m

Executive SummaryThe fourth quarter of 2025 marked a singular anomaly in the history of digital assets, defined by a violent decoupling from traditional risk-on and risk-off markets. After reaching an all-time high of approximately $126,000 on October 6, 2025—a price point that cyclical models suggested was a precursor to a final parabolic advance—Bitcoin entered a severe corrective phase, shedding over 30% of its value by year-end. This collapse occurred paradoxically as U.S. equities rallied to new records and Gold established itself as the year’s superstar asset, breaking the $4,000/oz…