For months, big-name crypto boosters promised an “unbelievable” fourth quarter (Q4) — and they weren’t wrong, just not in the way they intended. Bitcoin, the industry’s top digital asset, has performed poorly since Q4 began. It hit a six-month low over the weekend as liquidity thinned across global markets. The coin dropped to the 92,970 range on Sunday and has since hovered around 94,900 as of Nov. 17.
Bitcoin, Ethereum, and Solana have all fallen sharply since Q4 began, with BTC down over 10% and ETH down over 11%, defying typical seasonal gains. Crypto boosters forecasted massive rallies, but the market moved in the opposite direction. Risk-off sentiment, slowing institutional inflows, regulatory pressure, and macro uncertainty have cooled what many expected to be a broad-based year-end crypto rally.
Bitcoin (BTC) has averaged 77% gains in the past fourth quarters, while Ethereum (ETH) typically climbs about 19%. Since last week, Bitcoin has been down over 10%, while Ethereum has been down over 11%. And Solana (SOL) is down over 24% since Q4 began and over 16% over the past seven days.
A mix of macro uncertainty, AI-driven capital rotation, and overextended expectations. The lesson heading into year-end: in crypto, even the most “unbelievable” predictions can come true — just not in the direction the forecasters had in mind.
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