Bitcoin Lags Risk Assets on Dec. 24 as On-Chain Activity Slows, Despite BlackRock’s Long-Term Conviction

On December 24, 2025, Bitcoin underperformed other major assets as on-chain activity and buying participation continued to cool. BlackRock's constructive long-term stance coexists with investor concerns that measured institutional flows and thinning active addresses are restraining breakouts despite strength in equities and precious metals.