During the Christmas holiday these days, the行情 in the crypto world is indeed quite absurd.

Someone in the group is shouting to go all in, the reason is very simple: "It's the holiday buff." As a result, the replies below are heart-wrenching - last year's Christmas dogecoin is still down 87%, and this year's altcoins are doing even worse. One brother said the most heart-wrenching thing: "There are not many gifts left under the Christmas tree, just a Ledger wallet and a pile of worthless air coins."

This market is indeed a bit funny. Bitcoin is stuck firmly in the range of 96,000 to 98,000, like a socially anxious person, afraid to push up and join the party, but unwilling to drop back down directly. Ethereum is even worse, looking as if it's saying, "I tried my best but it seems no one really believes in me."

The most contrasting ones are the various Meme coins. Christmas Hat Coin, Reindeer Coin, Gingerbread Coin, Snowball Coin... each of these is more entertaining than the last, and the 24-hour price fluctuations can be quite thrilling. Bitcoin has limited liquidity, but these coins are experiencing significant volatility, operating in completely the opposite direction.

The most ridiculous thing is that a meme is currently going viral in the North American crypto world, called "Santa Claus Rally is dead," which has directly become the most ironic internet meme for Christmas 2025.

This year's Christmas atmosphere is indeed quite different. There are no big influencers making calls, no one spinning tales of getting rich, and no one daring to say "it's going to reach one million next year". Instead, the group is full of "surviving is winning".