Opinion: Bitcoin retail buying hits rock bottom as gold and silver divert market attention

BlockBeats News, December 8, according to businessinsider, Joe Ciolli, author of the "First Trade" column, stated that bitcoin has risen alongside US stocks over the past 10 years, but in 2025 so far, US stocks have achieved double-digit percentage gains, while bitcoin remains in a loss zone.

The reasons include the fact that retail investors' buying on dips is fading. Their sentiment towards bitcoin has cooled sharply, which is directly reflected in the slowdown of ETF inflows.

Another possibility is that popular precious metals "gold and silver," both of which hit new highs this year, have diverted some attention. Some believe that, at least at this stage, they have replaced bitcoin's role in investment portfolios.

Joe Ciolli added that the recent decline in bitcoin may serve to wash out some weak-handed speculators. Those still holding bitcoin now are mostly firm long-term supporters, many of whom may have held it for quite a long time. If bitcoin can shake off some of its unique overhanging concerns, such as the potential forced sell-offs by large institutional holders like Strategy, then bitcoin is likely to return to its long-term correlation with stocks, especially if rate cuts are implemented as expected.