Bitcoin’s December Performance: Challenging the Holiday Rally Myth

Despite widespread belief in year-end rallies, historical data paints a more nuanced picture of Bitcoin’s December performance. A look at its track record since 2013 reveals surprising patterns that challenge common assumptions about market behavior during this time. This analysis delves into the specifics of Bitcoin’s December history, highlighting both its gains and losses. 7 times it has registered a decline in December compared to only 5 gains over this period. However, despite these extremes, Bitcoin maintains an average monthly return of 4.0% during this month-long period. Coinglass data offers valuable insight into this dynamic, showing significant volatility during the month of December. For instance, in 2020 saw a remarkable 46.9% gain, while the most substantial drop came in 2013 with a 34.8% decline. This diverse experience underlines the unpredictable nature of Bitcoin’s price action in any given month.