Have you noticed? The recent market volatility has suddenly disappeared. This is not a coincidence.

Starting from December 23, institutional investors in North America have entered Christmas holiday mode, leading the cryptocurrency market into its most severe liquidity crisis of the year. This phenomenon occurs every year, but it is always worth paying attention to.

**The Real Face of the Current Market**

First, there is a sharp contraction in liquidity. The exit of large funds means a deep plunge in market depth, and a seemingly small buy or sell order can trigger significant price fluctuations. Second, the uncertainty at the macro level is also increasing. The Federal Reserve maintains a restrained attitude towards interest rate cuts, while the Bank of Japan is still contemplating a rate hike plan. The overall direction of global liquidity is unclear, leading investors to generally adopt a wait-and-see approach. Moreover, trading volume is already thin during the holidays, so any piece of news or transaction can be magnified infinitely, making the market particularly prone to losing control.

**What should we do? Defense is the true way to go**

During this "garbage time" window, frequent operations are just digging a pit for yourself. A reliable approach is actually very simple:

First, take the time to study. RWA and Layer 2 are key areas for next year, so it's a good opportunity to delve deep during the holidays and be ready to jump in right after the New Year. Second, stagger your investments. If you have confidence in the long-term prospects of certain core assets, why not take advantage of these fluctuations to gradually build your position and lower your average cost? Third, learn to avoid. Go light or even stay out during the holidays to avoid the unpredictable risks of sudden market crashes.

During the holidays, it is easy to feel FOMO, but those who truly make money are often the ones with clear goals and firm execution. The fluctuations in the market cannot hinder the continuous advancement of projects with long-term planning. Similarly, individual investors should also ignore the short-term noise like true long-term holders and focus on the bigger picture.