Last Christmas, Bitcoin and Ethereum remained stable for a few days before starting to rally in January. After the New Year, prices fell below 3000. Of course, each year's situation is different; during Christmas, investors are on holiday, and liquidity decreases.

Meanwhile, the BTC holdings on exchanges are decreasing, indicating that the willingness to sell is diminishing, and more BTC is being transferred to long-term holdings. There are still institutional buyers continuously purchasing. Many people are puzzled: when prices started rising in April this year, MicroStrategy kept increasing its BTC holdings and saw a good rally. Why isn't it moving up now? The reason is that current buying is more passive and strategic; it changes the supply structure rather than short-term prices.

Short-term prices are mainly driven by macroeconomic environment, leverage, liquidity, and sentiment.

Don't worry, in the big cake of the crypto world, there are few major players willing to give up. The weekly trend analysis was posted a few days ago, and the future remains promising.