Market changes around Christmas🎄Although history does not repeat itself, it is surprisingly similar🧑🎄
The “Santa Claus Quote” in the Crypto Market is Difficult to Predict
Although the market conditions around Christmas will not simply repeat themselves, there are similarities. "Santa Claus Quote" originally refers to the market performance on the last five trading days of each year and the first two trading days of the following year. In the crypto market, the performance of this market varies significantly.
Among the years without a "Santa Claus market", the crypto market experienced the largest correction before Christmas in 2017, reaching 12.12%. In other years, the correction was smaller, ranging from 0.74% to 1.25%. The market correction after Christmas in 2021 and 2022 will be 5.30% and 1.90% respectively.
In the past 10 years, there have only been three “Santa Claus runs” in crypto markets around Christmas. In 2016, the market value rose by 11.56% before the holidays and by 10.56% after the holidays; in 2018, despite adjustments throughout the year, there were still increases of 1.31% and 4.53% before and after Christmas; the bear market will recover in 2023, with a rise of 4.05% before the holidays and 4.05% after the holidays. It later rose 3.64%.
In comparison, the performance of the crypto market in December was more extreme. In the past 10 years, the 5-year growth rate was 16.08% - 94.19%, and the 5-year correction was 1.73% - 15.56%. In short, the “Santa Claus market” in the crypto market is not a stable phenomenon and is difficult to predict. #圣诞行情分析 #比特币市场波动观察 #本周微策略是否继续增持BTC？
