Bitcoin is on track to experience its most challenging fourth quarter since 2018, as traders increasingly observe signs of exhaustion in the market. Concerns are mounting as investor enthusiasm wanes, leading to a significant decline in trading activity and prices. This trend reflects a growing sentiment of uncertainty and caution among market participants, who are grappling with various economic factors and volatility that could impact Bitcoin's performance in the coming weeks.
source: https://www.coindesk.com/markets/2025/12/23/bitcoin-heads-for-its-worst-year-since-2018-as-traders-see-further-fatigue