According to on-chain analyst Ai Yi, analyzing the performance of Bitcoin during the Christmas & New Year holiday in the past five years, the price volatility of Bitcoin from December 20 to January 6 is significantly larger, but the actual price fluctuation range is within 10% in all years except for 2020, which was particularly severe. Moreover, in 80% of the years, the price of Bitcoin performed quite well in the following two months. If the bottom-fishing timeframe is narrowed to a week after New Year's Day, there is still a 60% chance of profit. Observing the NASDAQ index over the past five years, the price range during the Christmas period has varied greatly, yet the overall price fluctuation is not significant. Therefore, it can be inferred that the end of the holiday will not have a major negative impact on Bitcoin from the U.S. stock market. In summary, although this bull market is significantly influenced by the inflow and outflow of BTC ETFs, the NASDAQ index did not show a significant decline during or after the Christmas period, which does not have a substantial impact on cryptocurrencies. The price performance of Bitcoin itself runs counter to the speculation of the 'Christmas catastrophe'.

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