I really watch you people with amaze. I'm actually totally shocked with your narrow sights.

Before Friday BTC total market cap was more than 300B USD; price dropped about 40%.
And you think it's all because of christmas? By regular people who needs a few hundreds of USD, to spend for gifts, parties?

What about the non christian countries? China, Japan, most of asia is holding huge amount of bitcoin and they don't have xmas celebration nor holiday...
Or let me ask you this: will btc drop 40% because of Chinese New year holiday? According to your theory it should drop even bigger...

The drop we witnessed was a f*ck of big guys who just joined with their multi billion usd funds, CBOE, CMO and other individual investors. Look at btc price after they joined: volatile as never been seen.