Bitcoin is lagging, but the broader risk complex isn’t signalling a full bear cycle.

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	Forwarded this email? Subscribe here for more Bitcoin Is Underperforming, But This Isn’t a Classic Bear Market Bitcoin is lagging, but the broader risk complex isn’t signalling a full bear cycle. Ecoinometrics Dec 1 ∙ Preview   READ IN APP   November has been a particularly difficult month for Bitcoin. Strong ETF outflows, a weak turn in U.S. equities, and uncertainty around the Federal Reserve have all weighed on sentiment. That combination pushed Bitcoin into the group of underperformers among major global assets. And while last week looked like the beginning of a rebound, it’s important not to confuse a pause in selling with the start of a real recovery. Today, let’s look at what the data suggests about Bitcoin’s natural price range under the current conditions. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 35,000 professional investors and fund managers: Upgrade to paid Ready? Let’s dig into the data. Bitcoin Is Underperforming, But This Isn’t a Classic Bear Market The Takeaway Bitcoin has slipped into negative 12-month returns and now ranks among the weakest major assets, but the broader risk complex is not signalling a full bear market... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe