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Greeks.live: Christmas holiday approaching, market faces downward risks

Greeks.live: Christmas holiday approaching, market faces downward risks

Bitget2023/12/19 04:05
BTC+0.58%ETH+0.63%

As we head into the Christmas holiday this week, all major asset classes will enter a period of minimal liquidity and trading volume, during which there will be only routine data and a handful of Fed official speeches, and cryptocurrencies will enter a period of holiday calm in tandem.

Crypto's attention has been almost exclusively on inscriptions lately, and from historical experience, there is a downside risk to the market now that this frenzy meets the sudden cooling of trading fervor on Christmas Day, and it's more critical to keep an eye on the amount of inflows and outflows into the big pie (which is already starting to show signs of outflows this week after weeks of consecutive inflows into cryptocurrencies).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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