Core Insights - Bitcoin is experiencing significant weakness compared to the stock market and commodities, leading to discussions about a potential "Great Bitcoin Crash of 2025," despite only being down 6% for the year and 24% over the last three months [1][2][4] Performance Analysis - Bitcoin's recent performance has been poor, but the current decline does not qualify as a crash when viewed in the context of its historical performance [3][5] - Investors who chose Bitcoin over safer assets like gold or index funds have missed out on substantial growth, contributing to a sense of regret among holders [4][6] - Historically, Bitcoin has experienced bear markets with peak-to-trough declines of around 80%, while the current 24% decline appears more like a typical correction [5][6] Market Sentiment - The emotional response to Bitcoin's recent downturn is heightened, leading to the perception of a crash, despite the decline being relatively mild compared to past bear markets [4][6] - The recent flash crash on October 10 was largely attributed to excessive leverage in trading altcoin derivatives rather than Bitcoin itself, which adds to the ominous sentiment surrounding the cryptocurrency [7]