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Review of historical Santa Claus rally: Will it happen again this year?

The term Santa Claus rally originally refers to the market performance in the last five trading days of each year and the first two trading days of the following year.

How does the "Santa Claus rally" perform in the crypto market?

In the years without the "Santa Claus rally", the crypto market experienced the largest correction before Christmas in 2017, falling by 12.12%. In addition, the crypto market correction before Christmas was smaller, ranging from only 0.74% to 1.25%.

Meanwhile, the market correction after Christmas in 2021 and 2022 was 5.30% and 1.90%, respectively.

It is worth noting that only 3 of the past 10 years have seen the "Santa Claus rally" in the crypto market both before and after Christmas. These three years are:

In 2016, the total market value of the crypto market rose by 11.56% before Christmas and 10.56% after Christmas

In 2018, although the market was in adjustment throughout the year, it recorded moderate increases of 1.31% and 4.53% before and after Christmas respectively

In 2023, in the context of a bear market recovery, the crypto market rose by 4.05% before Christmas and 3.64% after Christmas

In contrast, the performance of the total market value of the crypto market throughout December was more extreme. In the past 10 years, there were 5 years in which the market grew by 16.08% to 94.19% in December as a whole. In the case of the correction in the other 5 years, the market fell by 1.73% to 15.56% in December.

In general, the "Santa Claus market" in the crypto market is not a stable phenomenon, and its performance varies significantly and is difficult to predict.

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