This Wednesday is Christmas, and major exchanges in Europe and the United States will be closed. Cryptocurrency funds usually show an outflow this week. Currently, ETFs are the main external source of funds in the cryptocurrency market, and the outflow of funds has significantly increased the pressure on the crypto market compared to previous years, with strong risk-averse sentiment in the market. Bitcoin has fallen below 10,000, and Ethereum has dropped below 3,300. This bull market has not yet experienced a significant correction. Now, during the Christmas holiday, funds are relatively tight, and a deleveraging trend before Trump's inauguration cannot be ruled out, given the strong risk-averse sentiment in the market. However, even so, the total ETF inflow last week was still positive. According to SoSoValue data, the net inflow of Bitcoin spot ETFs during the last trading week (Eastern Time from December 16 to December 20) was 449 million USD. Currently, time is needed for recovery, and major players and institutions will basically start to gradually position themselves for the market after Christmas and look forward to the trends in January after Trump's inauguration.