Analysts at QCP Capital doubt Bitcoin’s Christmas rally this year, citing ETF outflows and reduced institutional risk appetite, but many still hope for a repeat of 2016 and 2020 patterns.
From 2014 to 2023, the crypto market saw a “Santa Claus rally” in 8 out of 10 years, with gains of 0.7% to 11.8% between December 27 and January 2.
