The trend on the candlestick chart is like a sleeping caterpillar; behind the narrow fluctuations, a big post-holiday market movement may be brewing.

The Christmas holiday has arrived, and Wall Street traders have already put down their phones to go skiing. Traditional financial markets are basically at a standstill. However, the cryptocurrency market operates 24/7. During this period, Bitcoin has been fluctuating between $86,000 and $89,000, while Ethereum is hovering around the critical line of $2900 to $3000.

The seemingly uneventful market can easily lead people to think that the market is just "killing time." But my years of experience tell me that seemingly boring行情 often hide the secrets to making money after the holiday. Today, I will share the method I use to find profit signals during the market "quiet period."

**The Invisible Killer of Liquidity**

Liquidity drying up during Christmas is obvious. The open interest of BTC perpetual contracts on a major exchange shrank by about $3 billion overnight, and ETH perpetual contracts also evaporated by about $2 billion. This indicates that the market is actively deleveraging, not adding positions.

Does low liquidity mean no volatility? Quite the opposite. The thinner the liquidity, the easier it is for price fluctuations to be amplified. You may have seen those outrageous flash crashes—Bitcoin suddenly dropping from $87,600 to $24,100, then bouncing back within minutes. Such "flash candles" occur much more frequently in environments with depleted liquidity.

**How I Respond**

The most straightforward approach is to reduce your position size, controlling it below 50%, leaving only core holdings. During such tight liquidity, frequent trading will eat up most of your profits through fees and slippage. Instead of messing around, it’s better to lie low and wait. When the post-holiday market direction becomes clear, then take action.