The overall market sentiment on Christmas Eve was still good, with the S&P 500 once again breaking through a historic high. This result was expected in advance. A few days ago, it was specifically mentioned that a large amount of funds had entered the leading S&P 500 ETF VOO, which would definitely have a positive impact on the market. Moreover, the Nasdaq rose well at the close. Although BTC did not enjoy this dividend, its correlation with technology stocks still allowed Bitcoin to continue oscillating around $88000. I know many people are no longer optimistic about the correlation between BTC and the US stock market. They believe that BTC will find it difficult to maintain a high correlation with technology stocks. Although the correlation has weakened in recent days, it is evident from the trends in 2024 and 2025 that QQ and BTC maintain strong consistency. Moreover, I also think that without consistency, BTC's decline may be even faster. Tomorrow is Christmas, and although Bitcoin has not yet surged above $90000, there has not been a significant decline. At least for the time being, investor sentiment is relatively stable, which is very important during periods of low liquidity. It is good if there are no issues, and we can wait until after New Year's Day to discuss further. Looking back at the data of Bitcoin itself, as the Christmas holiday approaches, both turnover rate and trading volume are declining, which is also a very normal situation. Especially, the decrease in turnover rate is helpful for the stability of BTC price. Moreover, from the perspective of turnover, short-term investors are still the main force of turnover, and the early investors are clearly in a wait-and-see state. The chip structure is also relatively healthy, and it is estimated that the position of the fifth support will be adjusted in a month. Without further ado, I wish everyone a Merry Christmas. @bitget VIP， Lower rates and more generous benefits