The bearish market can be attributed to two main reasons:

1. Christmas Holiday: Traders tend to be less active during the Christmas holidays due to time off from work, leading to a decrease in market activity.

2. Whale Strategies: Whales took advantage of the bullish market when Donald Trump became President of the US. With the market being less active during the holidays, this provides whales with an opportunity to lower prices before Trump’s next term, allowing them to buy in at better prices and maximize their profits.

As a result, the bearish trend is likely to continue for a few more days.

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