Is Santa's recovery over? Impact on your cryptocurrency investments

The "Santa Claus rally", a trend commonly seen in late December when stock and cryptocurrency markets typically experience strong growth, is attracting attention from the investment community amid The year 2024 is almost over. However, there are now signs that this trend may have lost momentum.

The market value of cryptocurrencies like Bitcoin is hovering around $94,000, with Ethereum and several other altcoins also recording slight increases. However, the current trading volume shows a decline in whale trading activity, while the number of large transactions is also decreasing. This reflects the caution in investor sentiment, especially when there was a recent expiration of up to 2.6 billion USD worth of BTC and ETH options contracts, causing volatility. strong movement.

In terms of impact for investors, if this recovery continues to struggle to break key resistance levels, this could hurt market momentum and sentiment. Technical indicators such as RSI are at neutral levels, showing a clear lack of momentum. Investors need to closely manage risks and closely monitor changes in market sentiment as well as macroeconomic trends. While the recovery appears to be weakening for now, it has not been completely eliminated, and the final week of 2024 will be a decisive moment for many investors in optimizing returns and finding opportunities. in the cryptocurrency market.