Looking at the price changes of BTC during Christmas over the past ten years, it's quite interesting.

In 2013, it was only $666, and not many people understood this thing back then. The following year, it was halved to $323, and many must have been quite scared at that time. The next few years were relatively calm, with $455 in 2015 and $899 in 2016, mostly hovering at low levels.

The real frenzy started in 2017—$13,926. This round of market movement allowed many to taste the sweetness. However, in 2018, it dropped back to $4,079, and this rollercoaster caused some to exit.

Since then, there have been ups and downs, but overall an upward trend. In 2019, it was $7,323; in 2020, $23,736. These two years clearly showed accumulation of strength. In 2021, it surged to $50,822, setting a new all-time high, then in 2022, it sharply retraced to $16,822.

In 2023, it rebounded to $43,665, and in 2024, it even surged to $94,120. However, by Christmas 2025, it retraced to $87,340.

From this data, BTC's long-term trend is still upward, but the cycle is particularly obvious—each cycle involves a sharp rise and fall.