Bitcoin underperformed gold adn the S&P 500 index during 2025, experiencing a correction linked to derivatives market liquidations and macroeconomic uncertainty surrounding Federal Reserve interest rate expectations. While the S&P 500 and gold saw gains throughout the year, Bitcoin faced selling pressure and volatility, resulting in a pullback.
The recent dip in Bitcoin’s price coincides with over USD 1 billion in leveraged positions being liquidated in the BTC derivatives market, exacerbating the downward trend.This correction occurs as the market recalibrates its outlook on potential Federal Reserve rate cuts, with recent decisions casting doubt on previous expectations and triggering increased volatility for Bitcoin.
A comparison of performance data from TradingView shows the relative gains of each asset during 2025.
