From a historical perspective, before the Christmas market, the trading enthusiasm for U.S. stocks and Bitcoin tends to be relatively low. For Western users, Christmas is their biggest holiday of the year, and most people return home to celebrate, resulting in a lack of trading enthusiasm.

In fact, we can also clearly feel recently that both the market liquidity and trading volume of Bitcoin have decreased, but it should be noted that after the holiday ends, there is usually an influx of capital. In addition to individual retail investors' funds, institutions also make purchases at the beginning of the year, as fund managers will complete their portfolio adjustments before the end of the year, which is also before the Christmas holiday. This adjustment involves some turnover, and some assets will be taken for profit. As the year ends, dividends need to be distributed to shareholders, so many assets will be sold. However, after the new year begins, which is after the Christmas holiday, fund managers will readjust their portfolios and choose some higher-quality assets for their clients. As we all know, institutions often deal with tens of millions or even hundreds of millions in capital, and their movements can cause significant market fluctuations.

Therefore, after the Christmas holiday, along with institutional adjustments and historical data, it is highly likely that U.S. stocks and Bitcoin will rise.