3. 🎄 Christmas Sales (Seasonal Factor)

At the end of the year, two traditional phenomena come into play:

· Tax-Loss Harvesting: Investors sell assets at a loss to reduce taxes. This year there are many reasons for this — many bought at high prices.

· Profit Taking and Going to Cash: Major players and funds close positions to "clean" their balance sheets by the end of the year and go on vacation.

Result: The perfect storm for a decline

In short and without metaphors:

The market is currently being attacked from three sides:

1. By the cycle, it should be falling anyway.

2. ETFs are constantly adding fuel to the fire by selling Bitcoin.

3. The end of the year forces everyone to sell even more actively.

That is why altcoins are in a complete mess, and any hint of Bitcoin's growth is quickly extinguished. All these factors will be in effect at least until mid-January.

I hope the picture is now quite clear. This is not panic, it is simply a phase of the cycle, intensified by unique circumstances.