#ChristmasMarketAnalysis Does the Christmas market still exist? An analysis of history and reality for you.

Every year-end, cryptocurrency enthusiasts dream of the so-called "Christmas Market", meaning that with increased liquidity of capital and market sentiments during the holidays, major cryptocurrencies like Bitcoin experience a bullish wave at the end of the year. However, this year's market performance and comparisons with data from recent years may cause people to reconsider this long-awaited expectation.

"Christmas Market" in History

1. Peak of the Bull Market in 2017:

Bitcoin began to sharply correct after reaching an all-time high of nearly $20,000 on December 17, and a brief recovery occurred a few days before Christmas, but ultimately the decline continued without forming a trend of the "Christmas Market".

2. Bull Market of 2020:

The Christmas Market in a bull market is very strong: Bitcoin rose from $19,000 at the beginning of December to $28,000 after Christmas, marking the start of the bull market in 2021.