Bitcoin at the end of the year didn't follow the usual pattern. The market was originally thinking that, taking advantage of the traditional Christmas season effect in the US stock market, this wave could break through the consolidation range, and might even hit new highs. But what happened? On Christmas Eve, everyone was instead rushing to lock in profits.

From the market performance, the Fear and Greed Index is only 28, which says it all—liquidity has completely dried up, and buyers simply can't support the scene. Compared to the market enthusiasm in previous years, the current atmosphere is indeed much quieter.

What's next? It depends on whether institutional funds will re-enter after the New Year holiday. Once this money flows back, it might give this weak trend a much-needed boost. But before that, the market still has to endure.