As the traditional "Christmas rally" on Wall Street approaches, the attention of the Chinese Crypto Twitter community towards the year-end market has noticeably intensified. Unlike viewing it as a seasonal routine, an increasing number of opinion leaders in the Chinese crypto circle believe that the market performance in the last few trading days of 2025 could become an important signal for judging the overall direction of Crypto Assets and risk assets in 2026.
In the Chinese crypto community, the macro analyst Phyrex, who is frequently cited, pointed out that "the Christmas rally is not simply a seasonal statistical phenomenon, but more like a thermometer for market risk appetite." He believes that if Bitcoin, Ethereum, and other risk assets can still rise during the period from Christmas to New Year without any new macro positive catalysts, it indicates that there is still a willingness to allocate funds to risk assets, which will lay the emotional foundation for the market in 2026. Conversely, if the rebound fails, it means that the risk appetite has not yet recovered, and the market may maintain a volatile or weak pattern for January or even longer.