According to the latest report from Matrixport, Bitcoin has shown positive returns in 11 of the past 12 years during the Chinese New Year period, boasting an 83% success rate. This seasonal trend highlights the festival's impact as a major catalyst for Bitcoin's growth, driven by increased user adoption and heightened market participation.Key Insights:Seasonal Influence: The Chinese New Year, starting January 29, marks the most statistically favorable 20-day window for Bitcoin, historically resulting in gains of +26% and +23% in the past two years.Market Dynamics: Bitcoin is currently navigating a complex landscape with opposing forces. Technical indicators suggest potential support after reaching oversold levels, although weekly indicators still point to an overbought condition.Macroeconomic Factors: Tightening liquidity and the Federal Reserve's hawkish stance pose challenges, while bullish sentiment arises from expectations of a U.S. Bitcoin reserve build-up and a pro-crypto Trump administration.Stablecoin Trends: Since the December 2024 FOMC meeting, stablecoin minting has slowed, indicating reduced fiat inflows. However, funding rates are showing early signs of renewed trading activity.Outlook:Matrixport analysts suggest that with Bitcoin's historical performance during the Chinese New Year, traders might find long positions attractive, as the festival continues to be a reliable seasonal trend for price surges.