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#ChristmasMarketAnalysis Analysis: Bitcoin's Holiday Performance Contradicts the "Christmas Heist" Hypothesis

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DeInsight 2024
Analysis: Bitcoin's Holiday Performance Contradicts the "Christmas Heist" Hypothesis
2024-12-23 12:35:00
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ChainCatcher news, according to on-chain analyst Ai Yi's analysis, the performance of Bitcoin during the Christmas & New Year holidays over the past five years shows that from December 20 to January 6, Bitcoin's volatility is significantly larger, but the actual price fluctuation, except for the particularly severe year of 2020, remains within 10% in other years.
Moreover, in 80% of the years, the price performance of cryptocurrencies in the following two months is quite good. If the bottom-fishing time is narrowed down to one week after New Year's Day, the possibility of making a profit is still 60%.
Observing the performance of the Nasdaq index over the past five years, the fluctuations during the Christmas period are quite large; however, the overall price change is not significant. Therefore, it can be inferred that the U.S. stock market will not have a major negative impact on Bitcoin after the holidays.
In summary, although this bull market is significantly influenced by the inflow and outflow of BTC ETFs, the Nasdaq index did not show a noticeable decline during or after the Christmas period, which has little impact on cryptocurrencies. The price performance of Bitcoin itself is contrary to the speculation of the "Christmas massacre."
The market is bleeding, with many altcoins experiencing an average of -18% drop in value.
In terms of fundamentals, it is not really clear what exactly is causing this sell pressure.
But from a technical point of view, most altcoins have shown significant strength and bullish wave in the past 2 - 3 weeks. So, I think investors are banking some profits 💰
However, These pullbacks are huge opportunities to stock up your favourite coins at highly discounted prices.
Remember one thing when you feel FOMO then it's time to SELL. And when you feel Fear and Panic then it's time to BUY.
LIVE
CryptoSaQi
--
Story of a Trader (Futures)
WORST TRADING NIGHTMARE!
He thought he knew what he was doing on Binance, but the crypto market proved him wrong. He made a trade, but it tanked, and he faced his biggest loss yet!
Panic set in, but he learned some valuable lessons:
1. Don't get too confident. 2. Diversify your portfolio. 3. Set realistic expectations. 4. Learn from your mistakes.
He's taken his loss and adjusted his strategy. He's ready to move forward.
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Have you experienced a big trading loss? How did you recover? Share in the comments!