The Christmas season is here, and the crypto market trading volume has plummeted sharply, with daily transaction amounts shrinking by over 40%. The total liquidation scale across the network has reached $167 million — at first glance, it seems the market has entered a "hibernation mode."

But during this seemingly quiet period, a hidden flow of funds is moving in the shadows. Institutional investors like BlackRock and Eryhua have collectively purchased $350 million worth of crypto assets during the same period, marking the largest single build-up in recent times.

Why make a move when trading volume is at its lowest?

The answer is not complicated. The sharp decline in trading volume during the Christmas period actually presents an excellent window for building positions from an institutional perspective. In an environment with few market participants and thin liquidity, large orders are more likely to be executed at favorable prices without causing significant market impact. This is a market logic that retail investors often overlook — the apparent "holiday" is actually a quiet layout by big funds.