The recent market decline has caused anxiety; many are asking: Is the bull market over? Is there some major bad news that hasn't been announced?

In fact, there's no need to look at macro data; just check the calendar.

It is now the end of January, and there is less than a month until the Chinese New Year. The 'Spring Festival effect' is unfolding as expected.

1. Why is there always a drop during the 'Spring Festival'?

This is not just metaphysics; this is a real withdrawal of liquidity.

• Retail side: Retail investors in Asia need to cash out for the New Year, give red envelopes, prepare New Year goods, and buying power has significantly weakened.

• Miner side: Many mining companies need to pay electricity bills, year-end bonuses, and hardware maintenance fees at this time, making it one of the heaviest selling windows for miners in the year.

• Main force: Institutional traders have also entered the risk-averse period before the holiday. Rather than gambling in this liquidity-drained garbage time, it's better to reduce positions for the holiday.

2. Is this drop a 'crisis' or a 'gift'?

Reviewing the data from the past 5 years, every deep squat before the Spring Festival often corresponds to a 'good start' surge after the holiday.

The main force uses 'holiday sentiment' to smash the market, aiming to acquire bloody chips. If you panic and relinquish your precious low-price positions at this time, you will likely have to buy back at a high price after the holiday.

3. Two bizarre signals from the recent market

• While the altcoins fall, Bitcoin (BTC) market share is recovering: This indicates that funds have not left the market but have merely flowed from high-risk assets back to safe assets.

• Open Interest (OI) decreases: Leverage has been cleared out, the vehicle is lighter, making it easier to rally.

💡 Pre-holiday Operation Guide:

• No empty positions, no full positions: Keep 30-40% USDT in hand, and accumulate in batches every 10% drop.
Ambush 'Spring Festival concept': Pay attention to those projects that plan significant upgrades or favorable news after the holiday; now is the cheapest time for them.

Shielding Noise: In the past few days, more people in the square will shout 'big crash'. Turn off your phone and enjoy the New Year peacefully; wealth doesn’t come through urgent doors.

Are you planning to hold coins over the New Year, or have you already gone empty and are waiting? Let me know your position ratio in the comments.