Bitcoin has risen every Lunar New Year holiday… Will it repeat this year?

Bitcoin (BTC) prices have risen during the Lunar New Year holiday in each of the past three years, data showed. Attention is now turning to whether the same pattern will continue during this year’s holiday.

According to the virtual-asset (cryptocurrency) industry on the 15th, Bitcoin posted gains during the Lunar New Year holiday for three consecutive years from 2023 to 2025. In each case, it trended higher from the opening price on the first day of the holiday to the closing price on the last day. Investors are watching closely to see whether the same “holiday rally” will be repeated this Lunar New Year.

During last year’s Lunar New Year holiday (Jan. 27–30), it started at 156.10 million won on the first day and closed at 158.14 million won on the final day. The intraday high during the holiday reached 158.86 million won.

In the 2024 Lunar New Year holiday (Feb. 9–12), it began at 62.01 million won and finished the last day at 67.00 million won—up about 8%.

A similar pattern was seen during the 2023 Lunar New Year holiday as well. The price rose from 28.02 million won on the first day to 28.35 million won on the last day.

Meanwhile, the market points to the possibility that short-term funds flowed into crypto during the holiday period as South Korea’s stock market is closed while the virtual-asset market continues trading 24 hours a day.