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Are institutions and big players also unable to hold on? They are starting to deposit Bitcoin and ETH into exchanges!
In just 24 hours, there was a net inflow of 1930 Bitcoins, which means nearly 200 million USD worth of Bitcoin might be used to sell off!
Is this to cut losses or for holiday spending? Actually, you can't trust institutions too much; many times, institutions are also just bigger little guys.
The European and American Christmas holidays will end gradually from January 4-6. During this period, without capital support, even a small sell-off can cause a big drop. During this period, Bitcoin starting with 7, don't be surprised!