【观点：Bitcoin holiday performance is contrary to the 'Christmas massacre' hypothesis】According to Golden Finance reports and analysis by on-chain analyst Ai Yi, the performance of Bitcoin during the Christmas & New Year holiday over the past five years shows that from December 20 to January 6, the volatility of Bitcoin is significantly larger. However, the actual price fluctuation, except for 2020, remains within 10% for other years. In 80% of the years, the price performance in the following two months is quite good, and if the bottom-fishing period is narrowed to one week after New Year's Day, the likelihood of profit is still 60%. Observing the performance of the Nasdaq index over the past five years, the fluctuations during Christmas are large, but the overall price change is not significant. Therefore, it can be inferred that: the U.S. stock market will not have a significant negative impact on Bitcoin after the holiday ends. In summary, although this round of the bull market is greatly influenced by BTC ETF inflows and outflows, the Nasdaq index did not show a significant decline during or after the Christmas period, which has a minimal impact on cryptocurrencies. The price performance of Bitcoin itself is even contrary to the hypothesis of the 'Christmas massacre'.

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