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Opinion: Bitcoin's holiday performance runs counter to the "Christmas robbery" hypothesis

Opinion: Bitcoin's holiday performance runs counter to the "Christmas robbery" hypothesis

CointimeCointime2024/12/23 09:11
By:Cointime

According to on-chain analyst Ai Aunt's analysis reported by Jinse Finance, the performance of Bitcoin during the Christmas New Year's Day holidays in the past five years has shown significant volatility between December 20th and January 6th, but the actual price fluctuations, except for the particularly drastic ones in 2020, have remained within 10% in the other years. However, 80% of the years have shown good performance in the following two months, and if the bottom-fishing time is narrowed down to the week after New Year's Day, there is still a 60% chance of profit.

Observing the performance of the NASDAQ index in the past five years during the Christmas period, there has been significant volatility, but the overall price fluctuations have been small, so it can be inferred that the end of the holiday will not have a significant negative impact on Bitcoin in the US stock market.

In summary, although this bull market is greatly affected by the inflow and outflow of BTC ETF, the NASDAQ index did not show a significant decline during the Christmas period and after, which has little impact on cryptocurrencies. The price performance of Bitcoin itself is contrary to the speculation of the "Christmas robbery".

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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