TET (Lunar New Year) is coming, and it’s the longest holiday of the year.

Interestingly, almost every year around Lunar New Year, Bitcoin (BTC) follows a similar pattern — it makes a quick drop (a flash dump) during the holiday, and then a few days later, it starts recovering.

It almost feels like a yearly tradition.

Maybe it happens because people receive fresh cash (bonuses or gift money) and start buying BTC at lower prices during family gatherings 😄

The market never sleeps, but traders do during TET.

Now let’s see if BTC keeps this pattern again this year.

This is about BTCUSDT Perpetual (Futures pair).$BTC

BTC

64,442.12

+1.62%