#数字资产市场动态 The Christmas holiday has put the crypto market on pause. Bitcoin has been oscillating around $87,000, and throughout December, it has been bouncing back and forth within the $85,000-$90,000 range, consolidating quite thoroughly. Yesterday, on Christmas Eve, a certain trading pair suddenly experienced a waterfall drop, plunging to $24,000, which definitely startled many people. But thinking carefully, during holidays, order books are naturally thin, and large transactions can cause brief chaos — the actual market price didn't really move much. It quickly recovered to the $87,000-$88,000 level.

An interesting comparison is that traditional stock markets are hitting new highs, and gold has gained over 70% this year, making Bitcoin's performance seem a bit awkward. Ethereum ETFs have been continuously outflowing recently, indicating that institutions are waiting for clearer signals. Retail markets are also not very active, as everyone is spending time with family. In the short term, some volatility may occur after options expiration, but this sideways digestion trend is quite normal — market participants are quietly positioning, and policy and environmental conditions are gradually improving.

In my personal opinion, this wave of correction may not be a bad thing. Markets always go through cycles, and moments of panic are often the best opportunities for accumulation. Once liquidity flows back, the rebound strength usually won't be too mild. I'm not advocating, just reflecting that after these years of optimism, I think it's better to stay grounded.

During the holiday break, I also thought about how some industry figures have now shifted their focus to education and public welfare, which can be seen as a sign of industry maturity. New year, new atmosphere — everyone should rest well, because the story of the crypto market never truly has an ending.