#BTC对标贵金属的竞争格局 The Christmas holiday window is interesting—US stocks enter a market closure mode, and a large amount of capital finds no direction, naturally splashing into the crypto world seeking returns. This logic is actually similar to the A-shares' suspension during the National Day holiday; whenever TradFi hits the pause button, the crypto market often becomes a safe haven for funds. Historical data shows that during such holiday periods, Bitcoin often faces a wave of rising pressure. Of course, whether it can really transform into a market trend still depends on the combination of macro sentiment and technical factors.