Bitcoin Plunges Amid Growing Worries Over Bull Market Sustainability

A growing unease about the sustainability of the current bull run has been felt for months, according to an investor. The market's recent performance is causing concern, with Bitcoin down 26% year-to-date and 48% from its September 2025 high.

Natural gas prices are also a puzzle, as oil prices tick higher at $91, making natural gas more attractive by comparison. However, it remains in a slump.

The current market regime is characterized by the wide dispersion of returns among equities and other tradable assets, with some seeing today's selloff as a 'warmup' for a larger event yet to come.