 
 
According to market analyst CryptoBirb, the ongoing phase might just be the toughest bull run in digital asset history, one where Bitcoin thrives while the rest of the market bleeds.
He describes the year as “the worst bull run ever,” noting that despite Bitcoin’s resilience, most altcoins have plunged by 90% or more. The causes, he argues, include institutional dominance, the chaos of memecoins, political turbulence, and persistently high interest rates.
Institutions, memes, and missed opportunities
Institutional investors have tightened their grip on the crypto market, pouring capital into infrastructure and real-world asset projects tied to top-tier tokens. While this solidified Bitcoin’s position, it left little room for smaller players and speculative assets to thrive.
Meanwhile, the memecoin mania of 2024–2025 carried retail excitement and ended in collective regret. The sector’s absurd extremes, including offensive and unserious projects, turned into a painful lesson about the risks of hype over substance.
“We got played. BY OURSELVES,” the trader admits, calling it a period of self-inflicted damage that could take years to recover from.
 
Meanwhile, U.S. President Donald Trump’s trade policies triggered what he called a “-20% black hole” in equities. The resulting shockwaves dampened investor sentiment and risk appetite, making 2025 a tough year for crypto performance.
Bitcoin’s Strength Amid Widespread Doubt
Despite these challenges, Bitcoin is in a rare bright spot, up roughly 20% year-to-date. Historically, November has been a strong month for BTC, and with rate cuts on the horizon, some analysts still see room for a short-term rebound.
Supporting this optimism, Stockmoney Lizards highlighted a potential “Three Rising Valleys” pattern forming on Bitcoin’s chart. That’s a classic bullish setup that often precedes major breakouts.
If history repeats itself, this challenging “bull market” might soon prove to be a lengthy accumulation phase.
Source: https://zycrypto.com/did-2025-host-the-worst-crypto-bull-run-ever-market-player-takes-deep-dive/