So Many Bullish Signals - So Why Is Crypto Still Falling?

[AIcash]

Crypto market cap is on track to end the year lower than it started. Source: CoinGecko

With pro-crypto regulation, ETF launches, rising liquidity, and strong institutional participation, many expected 2025 to be a breakout year for crypto. Instead, the market is heading toward a negative close.

CNBC contributor Ran Neuner says the disconnect suggests something deeper is wrong. Despite bullish macro signals and strong performance in traditional markets like gold and equities, total crypto market cap is down over 30% from its peak. Analysts now question whether heavy leverage, structural selling, or long-term holder capitulation is suppressing prices — or setting the stage for a major catch-up rally.