Nano Labs founder often points out the Bitcoin Christmas bottom phenomenon

Nano Labs founder Jack Kong(Kong Zhenping) recently revealed an analysis of Bitcoin price patterns around the Christmas season. According to a report by PANews, he emphasized Bitcoin’s long-term growth trajectory, which has risen from $0.25 in 2010 to nearly 400,000 times higher by the end of 2024.

Repeating Patterns of Bitcoin Lows Around Christmas

Historical data analysis shows an interesting pattern where Bitcoin’s lows during bear markets often form around the Christmas season. Specifically, lows were recorded at $319 in 2014, $3,815 in 2018, and $16,831 in 2022. This recurring phenomenon is not mere coincidence but reflects changes in market participants’ psychology and capital flows.

Long-term Dramatic Price Surge Trend

Over the past 14 years, Bitcoin has experienced remarkable growth. The transition from early penny-level prices to the current $89,000 range demonstrates the maturing process of digital assets as a new store of value. Industry experts also note that Bitcoin’s all-time high reached $126,000 in early 2026.

Price Outlook for 2025 and Market Correction Signals

The expected level of around $88,000 in 2025 appears to reflect market cycle adjustments. This figure is slightly lower than the actual level in 2024, indicating that price volatility is an inevitable characteristic as a new asset class matures from a macro perspective.

Mining Network and Hashrate Volatility

Nano Labs also mentioned changes in the Bitcoin mining environment. Recent sharp declines in hashrate and the shutdown of large-scale mining equipment suggest restructuring among miners during market downturns, which could lead to network stabilization in the long term.

The cyclical patterns and resilience shown by Bitcoin reflect the maturity of the cryptocurrency market, and the recurring lows around the Christmas season have often served as signals for new bullish phases, providing meaningful lessons for investors.