Bitcoin shocked markets with a brief $24,000 flash crash glitch on Christmas Day while institutions quietly pulled nearly $189 million from ETFs. Despite dramatic headlines, crypto prices barely moved. Here’s what the holiday calm is really telling us.

Bitcoin crashed to $83,824 as the crypto market erased $144 billion in one day. Over $791M in leveraged longs were liquidated, China renewed its crypto crackdown, and Vanguard shocked Wall Street by opening access to Bitcoin ETFs. Here’s the full breakdown.