Looking at what happened with Bitcoin at the turn of the year, it's worth paying attention to an interesting pattern. October was weak, but that doesn't necessarily mean we're headed for a total disaster by the end of the year.

History shows that Bitcoin tends to rebound in December. CoinGlass has shown that in recent years, Bitcoin closed six out of eight Decembers in the green, with gains ranging from 8% to 46%. This is the Santa Claus rally that industry talks about — a period when the market traditionally recovers.

What’s happening now? After October’s declines, prices have started to stabilize. We saw movement toward 106,000, and now Bitcoin is hovering around 67,000. Most importantly — buyers have returned. Nick Rucker from LVRG Research noted that investors have shifted from panic selling to more calm, systematic buybacks. This indicates a change in sentiment.

In the spot market, interest is clearly increasing. Julio Moreno from CryptoQuant confirmed that after weeks of weakness, sustained buying activity has finally appeared. Smaller wallets are systematically accumulating after dips, while large holders — those with over 10,000 BTC — are gradually reducing their holdings. This discounting could support the Santa Claus rally if the holiday season brings calmer trading.

Additionally, expectations of potential interest rate cuts and proposals for extra liquidity in the system are fueling optimism. Augustine Fan from SignalPlus explained that an extra cash injection supports higher-risk assets, and Bitcoin is the prime candidate.

Rachel Lin from SynFutures emphasizes that volatility will remain high, but now more driven by institutional trading than speculation. Historically, Bitcoin shows a correlation of 0.6-0.7 with global liquidity and Fed measures.

In summary — October’s weakness doesn’t mean the end of the rise. All signs point to a potential Santa Claus rally in December, supported by the return of buyers, improved sentiment, and expectations of macroeconomic changes. Of course, speculation remains speculation, but the fundamentals are starting to look interesting.