Institutional investors and retail investors' expectations clash fiercely at the end of the year, and the historical pattern of the crypto market's "Christmas rally" is being rewritten.

In late December 2025, the cryptocurrency market once again enters the annual anticipation period of the "Santa Claus rally," with investors focusing on the seasonal upward window from December 24 to early January, as shown by historical data.

This seasonal phenomenon, originating from the traditional US stock market, has become a focus of attention in the crypto market in recent years. As institutional funds deepen their involvement and macroeconomic uncertainties increase, debates over whether "Santa Claus" will visit the crypto world as scheduled are exceptionally intense.

The "Christmas rally" in the crypto market has never been a certainty. Seven complete cycles since 2018 show that only 57% of the years experienced gains, and the average increase was heavily boosted by the extreme performance of 46.15% during the 2020 bull market. #成长值抽奖赢金条和精美周边 #GateLaunchpadKDK认购上线 #市场触底了吗？