2025-12-25 00:20:14

#以太坊行情解读 Christmas Eve overall market sentiment is quite good. The S&P and other US stock indices hit new highs again, and tech assets are also rallying, with a large influx of funds into tech ETFs. The Nasdaq closed with a decent gain, but Bitcoin doesn't seem to have caught this wave of gains — it’s still testing around $88,000 repeatedly.

Some people are starting to downplay the correlation between BTC and tech stocks. Honestly, there has been some loosening in recent days. But if you look at the K-line charts from 2024 to 2025, you'll see that the Nasdaq and Bitcoin generally move in sync, and this correlation remains quite solid. Conversely, if this linkage were to break completely, Bitcoin could fall even harder.

It's Christmas, and Bitcoin didn't surge past $90,000, but it also didn't crash. Market sentiment remains relatively calm. This is especially important during the holiday period when trading volume dries up — avoiding surprises is already a win. The real focus will be after New Year’s.

What do on-chain data say? As the holiday approaches, turnover rate and trading volume are both declining, which is normal. A decrease in turnover rate is beneficial for price stability. Looking at the structure of turnover, the short-term traders are mainly the major players, while long-term holders are clearly on the sidelines.

The chip distribution looks healthy. It’s estimated that in about a month, the fifth layer of support will face some adjustments. $BTC $ETH $SOL

ETH-0.28%

BTC0.43%

SOL-0.15%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

BankruptcyArtist

· 9h ago

Repetitive testing of 88000 is really annoying. The real test will come during the New Year transition.

View OriginalReply0

AirdropHunter

· 9h ago

88000 is still being tested repeatedly, just one step away from success. Bitcoin feels a bit left behind this wave, while the Nasdaq has already soared. Wait, if this correlation really breaks down, it might be even more frightening? Then it's better to keep things as they are now. During holidays, don't do anything; staying safe is winning. A declining turnover rate is actually okay; the main players are still watching. Are those long-term investors really sleeping? The real show is a month away; right now, it's just a matter of waiting.

View OriginalReply0

rugdoc.eth

· 9h ago

88,000 Repeated testing? Holidays are just like this, don't fuss, just win. --- The Nasdaq is taking off while BTC is still sleeping. Why hasn't this correlation fully loosened yet? --- Healthy chip distribution +1, but I always feel things will change after New Year's Day. --- Long-term holders are watching, indicating everyone has something on their minds. --- As long as there are no surprises, it's a win haha. This summary is excellent. --- The fifth support level needs adjustment, but can the sixth level hold? --- Christmas market is so flat, but it feels like the main players are waiting for something.

View OriginalReply0

LayerZeroHero

· 9h ago

The actual data is right there. What does the loosening correlation between the Nasdaq and BTC mean? Who hasn't seen the K-line trend for the entire year of 2024? The fact proves that short-term fluctuations ≠ long-term decoupling. This point must be clearly understood.

View OriginalReply0

GateUser-9ad11037

· 9h ago

This level at 88,000 is really sticky. Tech stocks are booming, but Bitcoin remains indifferent... What's the point of loosening correlation? Just look at the candlestick chart, it's all over anyway. If it breaks, it’ll be even worse.

View OriginalReply0

UncleWhale

· 9h ago

88000 is still being tested repeatedly, this critical moment is really a bit awkward. --- Not breaking 90,000 is really a bit frustrating, but that's also good, just don't move recklessly and you'll win. --- Did the Nasdaq soar while BTC didn't keep up? When will this correlation break? It feels more and more ridiculous. --- Trading volume during holidays is so dull, but maybe that's a good thing. As long as no crazy surprises happen, it's fine. --- Long-term holders are all watching cautiously. What are they waiting for? Is there a change coming on New Year's Day? --- The chip distribution still looks healthy, so just hold on. After all, another month passes. --- 99 didn't drop, does that count as avoiding a disaster? --- This market is just stagnating stubbornly, nothing to see before Lunar New Year’s Eve.

View OriginalReply0

BlindBoxVictim

· 10h ago

88k repeatedly tested, the Nasdaq is dancing but BTC isn't following, is this correlation still reliable? New Year's is just the act, right now it's just lying flat and waiting for red envelopes. The turnover rate decreasing actually feels better, just keep a close eye in the long term, no need to rush. Healthy chips, my ass, it all depends on how January plays out. It's already good that this wave didn't crash; I think the calmness is fake. Only when it hits 90,000 will it be truly a win.

View OriginalReply0