Analysis: Bitcoin ending year on a sluggish note

Bitcoin is concluding the year with sluggish performance instead of a 'Santa rally,' driven by four key factors, according to an analysis by DL News. The report identifies these factors as mechanical selling pressure from long-term holders who have held their assets for over 155 days, selling activity influenced by the four-year halving cycle, weakened investor sentiment amid concerns of a potential bubble in the artificial intelligence sector, and the fallout from the largest-ever forced liquidation event, which occurred in October.