Analysis: Bitcoin's Holiday Performance Contradicts the "Christmas Dip" Speculation

BlockBeats News, December 23rd. According to ai_9684xtpa's analysis, the performance of Bitcoin during the Christmas & New Year holidays in the past five years shows that Bitcoin has experienced significant volatility between December 20th and January 6th. However, except for the particularly intense price movement in 2020, the actual price fluctuation in other years has remained within 10%.

Moreover, 80% of the years have seen favorable price performance in the following two months. If we narrow down the time to buy the dip to the week after New Year's Day, the likelihood of profit is still at 60%.

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

In summary, despite the significant impact of BTC ETF flows on this bull market, the Nasdaq index has not shown a significant decline during the Christmas period and even after its conclusion, indicating minimal influence on crypto. The price performance of Bitcoin itself is contrary to the speculation of a "Christmas Dip."