According to @StockMKTNewz, SPY has closed the year red only six times since the 1990s—2000, 2001, 2002, 2008, 2018, and 2022. Source: @StockMKTNewz on X (Dec 7, 2025). For traders, those rare equity drawdown years align with risk-off regimes that have coincided with crypto weakness; Bitcoin (BTC) finished 2018 and 2022 down year-over-year, and research shows BTC–S&P 500 correlation rose notably after 2020. Sources: CoinMarketCap historical BTC data; International Monetary Fund research on rising crypto–equity correlation (2022).