CoinVoice has recently learned that, according to on-chain analyst Ai Yi's analysis, the performance of Bitcoin during the Christmas and New Year holidays over the past five years shows that from December 20 to January 6, the volatility of Bitcoin is significantly higher, but the actual rise and fall, except for 2020, have all been within 10%.
In 80% of the years, the price performance of cryptocurrencies in the following two months has been quite good. If the bottom-fishing time is narrowed to one week after New Year's Day, there is still a 60% chance of making a profit.
Observing the performance of the NASDAQ index over the past five years, there has been significant fluctuation during the Christmas period, yet the overall rise and fall have not been substantial. Therefore, it can be inferred that the end of the holiday will not have a significant negative impact on Bitcoin.
In summary, although this round of bull market has been greatly influenced by BTC ETF inflows and outflows, the NASDAQ index has not significantly declined during or after the Christmas period, which has little impact on cryptocurrencies. The rise and fall of Bitcoin itself is contrary to the speculation of a 'Christmas massacre'. [Original link]
