The S&P 500 is poised to wrap up 2025 near record highs, currently tracking around +18% year-to-date. What's striking isn't just the headline number—it's the resilience behind it. The index endured a brutal -18% drawdown at one point, yet managed to recover and push to fresh highs by year-end. That's the kind of volatility seasoning that separates conviction rallies from hollow bounces.



Stack this against the prior two years and the pattern becomes even more interesting. 2024 closed +23%, while 2023 delivered +24%. Three consecutive years of double-digit gains create a particular market psychology—momentum begets confidence, and confidence starts pricing in increasingly optimistic scenarios. For crypto traders watching macro trends, this equity market narrative matters. When traditional markets ride this kind of extended upside, risk appetite tends to climb across all asset classes.
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ThreeHornBlastsvip
· 8h ago
18% increase looks good, but that -18% correction is the real test of people's resolve. Two consecutive years of double-digit gains—this rally is essentially building psychological confidence in the entire market. Traditional finance is so crazy, not to mention the crypto world. Once the risk appetite swings, it’s unstoppable. Rebounding from -18% to new highs—that’s the true conviction rally, the feeling of shorts getting wiped out. Three years of continuous growth like this, the market starts to believe everything will go up... this mindset is a bit dangerous. Honestly, this momentum psychology is just setting a trap for those who come later. Wait, when will our crypto market also be able to grow so "stably"... just thinking about it makes me laugh. A 18% dip can still be absorbed and reach new highs—that’s some serious bottom-fishing. Risk appetite is rising, but I care more about when it will turn around... history always repeats itself.
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SmartContractDivervip
· 12-26 18:50
Oh no, it's that narrative again of "rising for three consecutive years to take off." Is it true or not?
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CryptoMotivatorvip
· 12-26 18:41
I don't care about the S&P 500, I only care if this wave of market can drive altcoins to take off.
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DoomCanistervip
· 12-26 18:40
Three consecutive years of growth. This market trend is truly resilient. It managed to bounce back after a 18% plunge, now that's what I call conviction.
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