This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Although precious metal prices have experienced a historic surge, Bitcoin has fallen 6% so far this year.
Bitcoin and the entire cryptocurrency market surged up to 40% before October, followed by a sharp decline.
We believe this is a mechanically driven bear market fueled by excessive leverage. We expect Bitcoin to recover by 2026.