Recently, the turnover rate of BTC has reached a new high, primarily with investors who are at a loss and have a holding cost between 40,000 and 66,000 US dollars exiting the market. Some analysts believe that the cause of panic may be the sell-off before Christmas, as some investors are concerned that the market may enter a deeper decline during the Christmas period, thus choosing to exit and wait for bottom-fishing opportunities before the election.
1. Sell-off before Christmas triggers panic
Some investors are worried that liquidity or sentiment issues in the market during Christmas may lead to further price declines, so they choose to exit first to avoid risks.
2. BTC price trend
The BTC price will enter a phase dominated by sentiment with reduced liquidity, and the stability of the Asian market will have a significant impact on the US market.
3. Altcoin market
Although the altcoin market has shown strong performance recently, it is not yet the true start of the altcoin season; more likely, it is during a period of heightened sentiment.
1. Sell-off before Christmas triggers panic
Some investors are worried that liquidity or sentiment issues in the market during Christmas may lead to further price declines, so they choose to exit first to avoid risks.
2. BTC price trend
The BTC price will enter a phase dominated by sentiment with reduced liquidity, and the stability of the Asian market will have a significant impact on the US market.
3. Altcoin market
Although the altcoin market has shown strong performance recently, it is not yet the true start of the altcoin season; more likely, it is during a period of heightened sentiment.
