Bitget Research Chief Analyst Ryan Lee stated that Bitcoin is currently in a phase of insufficient liquidity during the holidays. Therefore, after Christmas, market liquidity is expected to recover, and Bitcoin may once again break through $105,000. (Background: Bitcoin's historical price comparison during Christmas: this year is 392,880 times that of 2010) (Additional context: Glassnode research shows that the magnitude of Bitcoin's cyclical retracement is weakening, indicating it may have entered the later stages of a bull market) As Christmas approaches, the market initially expected investors to temporarily step back and continue to oscillate at low points. However, perhaps institutions or whales are taking the opportunity to accumulate, as Bitcoin reached $99,968 this morning at 8 AM, extremely close to the $100,000 mark. At the time of writing, it has slightly retreated to $98,757. Whether it will continue to rise in the future or has already reached a peak and will continue to oscillate remains to be seen. Analyst: Bitcoin liquidity will recover after Christmas. In this regard, Bitget Research Chief Analyst Ryan Lee recently stated that Bitcoin is currently in a stage of insufficient holiday liquidity. Therefore, after Christmas, market liquidity is expected to recover, and Bitcoin may once again break through $105,000: After Christmas, market liquidity typically rises again, and it is expected that funds will actively position in industries positively impacted by Trump's formal inauguration. It is anticipated that Bitcoin's price range will be between $94,000 and $105,000. At the same time, on the Binance exchange, the funding rate for Bitcoin's perpetual contracts shows a positive value, indicating that the overall market still leans towards bullishness on Bitcoin. Analysts believe this could also be a significant bullish signal. However, it is noteworthy that as one of the key factors supporting Bitcoin's liquidity—the spot ETF products—has shown a net outflow of funds for four consecutive days as of December 24, totaling approximately 15,500 BTC. Bitcoin Spot ETF inflow and outflow data. Source: Coinglass. Six Bitcoin mutual funds will be listed in Israel on December 31. Additionally, it is worth mentioning that according to (CoinDesk) reports, six mutual funds tracking Bitcoin prices have received approval from the Israel Securities Authority (ISA) last week and are expected to officially list for trading on December 31, providing investors with more diverse channels to acquire BTC. It is understood that these six Bitcoin mutual funds are issued by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI. However, according to sources, these funds will initially trade only once a day, with continuous trading expected to open up in the future. Related reports: Ethereum believers see three reasons for optimism about ETH's explosive growth in 2025: expected gains to exceed Bitcoin. Accurate bottoming indicator? Coinbase Bitcoin negative premium just broke 0.2%, BTC starts strong rebound. Bitcoin surged 5% overnight, breaking $99,000! BCA Research: Three reasons why the Federal Reserve will cut rates by more than 2 basis points next year. "Bitcoin rebounds to $99,900! Analysts: Liquidity will recover after Christmas, optimistic about Trump's inauguration benefits." This article was first published in BlockTempo (the most influential blockchain news media).

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