Christmas is here, and while global assets are on the rise, the crypto market is showing some "uniqueness."

BTC has been going in circles over the past few months. As 2025 approaches its end, everyone is waiting for a "big" move—that is, a real breakout. Missing this opportunity might mean there's no second chance, and the end-of-year trend could determine whether many people's annual gains are preserved.

ETH's story is quite interesting. Institutions and large funds have been quietly accumulating, but retail investors remain consistently bearish. Such divergence is not uncommon in the market. Usually, what does it indicate? An asymmetry between capital flow and popularity often signals upcoming volatility.

SOL faces even more direct pressure. The price once approached the $120 support level, and the market started to worry about further declines. Interestingly, the project team seems to be continuously releasing positive news, but the price hasn't responded accordingly. This makes one wonder—are these truly positive signals or just a disguised way of offloading? The "truth" of the market is often hidden in these details.