Wu said that, according to Coinglass data, the return rate of Bitcoin in Q4 2025 is -23.07%, far below the historical average of 77.07% and the median of 47.73%, marking the second-worst Q4 return rate in history, only behind Q4 2018's -42.16%. Meanwhile, Ethereum's Q4 2025 return rate is -28.28%, setting the fourth-worst Q4 return rate in history.

BTC-2,03%
ETH-1,5%
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