Friends of Mlion, have you ever heard of the "Santa Claus Market"? 🤔 It is the magical phenomenon that around Christmas, the crypto market suddenly soars as if cast by Santa Claus! 🎁
From 2014 to 2023, the crypto market has seen a "Santa Claus rally" eight times after Christmas! 🚀 The total crypto market value increased from 0.69% to 11.87% during that week! If you bought cryptocurrency the week after Christmas, you might get a big "Christmas gift"! 🎉
However, the "Santa Claus rally" before Christmas is not so common, and has only occurred 5 times in 10 years. However, the increase is also quite considerable, ranging from 0.15% to 11.56%. It seems that Santa Claus not only likes to send gifts after Christmas, but sometimes he will quietly surprise you before Christmas! 🎁
Of course, we don’t encounter a “Santa Claus market” every year. For example, in 2017, the crypto market experienced a sharp drop before Christmas, with a drop of 12.12%! 😱 It seems that Santa Claus also has bad moods and forgets to give us gifts.
However, what’s interesting is that in the past 10 years, there have been 3 years in which the crypto market has seen a “Santa Claus rally” around Christmas! 🎉 They were 2016, 2018, and 2023. It seems that Santa Claus has been in a particularly good mood in recent years, not only giving us Christmas gifts, but also “crypto gift packages”! 🎁🎁
So, will the crypto market see a "Santa Claus rally" again this Christmas? 🤔 To be honest, it's hard to say. Because the "Santa Claus rally" is not a stable phenomenon, its performance varies greatly, sometimes it rises to make people ecstatic, and sometimes it falls to make people heartbroken. 💔
However, some interesting patterns can be found in past data. For example, Bitcoin has more "Santa Claus Markets" in the week before Christmas than after Christmas. Moreover, if speculators participated in Bitcoin's "Santa Claus Markets" every year from 2014 to 2023, buying and selling in the week before Christmas would have an average return of 1.32%; and doing the same in the week after Christmas would have an average return of 1.29%. 📈
However, compared to participating in the Bitcoin price fluctuations throughout December, this income seems insignificant. Because if you participate in the Bitcoin price fluctuations throughout December, the average return rate is as high as 9.48%! At least 7 times the income of the "Santa Claus Market"! 🚀
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The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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