The turnover rate of BTC remains relatively low, which aligns with our assessment of the Christmas holiday. According to American working habits, the full recovery of liquidity is expected to occur after January 6, and liquidity will still be at a low level before that. This period is also a test of market sentiment. Tomorrow will be the weekend again, and it's also during the Christmas holiday weekend, so liquidity is expected to be even worse. This will further depend on sentiment.
From the turnover data, it can be seen that the panic of earlier investors has calmed down, and currently, the most active participants in turnover have returned to short-term investors. Combined with the data from Thursday's spot ETF, it is possible that the sentiment of American investors may gradually warm up after the holiday, especially since the transfer of rights is very close.
Currently, although the price has fallen below $95,000, the support between $95,000 and $100,000 remains strong, and there are no signs of a collapse, so we do not foresee any major issues for now. The next two days may continue to see fluctuations, rising during Asian hours and falling during European and American hours. We hope that no significant events occur during this time.
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