Bulls vs Bears Bitcoin Q4 2025 edition

These are the current fundamentals:

1. DXY is weak
2. Fed will continue to cut & stop QT
3. VIX weak, not on an upward path
4. US Indexes look strong, still close to a new ATH
5. BKX + KRE (US banks look good also close to ATH)
6. HangSeng + Nikkei look strong
7. No stress from US credit markets (BofA)
8. Tether still printing

If you are a Bull the things above should give you hope.

But if you are a Bear, you can also raise the question: how come we had & have these narratives and Bitcoin / crypto is bleeding continuously for the past 2 months?

Is $BTC a leading or lagging indicator for what is about to come? Because you cant have both.