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

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."#BinanceAlphaAlert