Bitcoin is making waves this holiday season, hitting around $98,000 as traders enjoy a festive rally. After a $4,000 daily surge, BTC's volatility has calmed, with analysts like Skew optimistic about bullish trends. BTC is currently navigating between two key moving averages, the 21-day and 50-day SMAs, sparking debate on which will break first.

Meanwhile, U.S. Bitcoin ETFs saw record outflows, but South Korean demand is rising, with the Korea Premium hitting a local high. CryptoQuant notes increased interest from short-term holders, signaling potential new investor activity.