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Cryptocurrencies dip post-Christmas, revealing persistent pattern

After Christmas, Bitcoin and Ethereum experienced price decreases of about 5% and 6%, respectively. This continued a trend observed over the last few years, casting doubt on the longevity of their traditional post-Christmas rallies. Such declines reflect growing investor caution and hesitation.

Netflow data of BTC and ETH showed significant changes around Christmas with BTC inflows reversing from 1,481 BTC to negative 5,915 BTC. Open Interest data suggests many traders are cautious, reflecting potential adverse impacts on future market movements and overall trader confidence.

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