In previous years, Bitcoin (BTC) usually experienced a pullback at the end of the year. However, this year, the situation may be completely different.

One of the key factors that cannot be ignored is the passage of the Bitcoin Exchange Traded Fund (ETF) bill. The important change brought about by the passage of this bill is that various institutions can now directly include their Bitcoin holdings in their financial statements.

In the past, in order to avoid financial audits, institutions often had to sell their Bitcoin at the end of the year and then exchange it for US dollars.

Therefore, by the end of this year, whether Bitcoin will experience a sharp pullback as in the past, the reasons behind it have changed compared to the past. Given the passage of the ETF bill, institutions can continue to hold Bitcoin with peace of mind, and no longer have to worry about selling Bitcoin at the end of the year to balance their financial situation.

In this way, the pullback pressure faced by the entire market is likely to be reduced, which also makes people have different expectations for Bitcoin's performance at the end of the year.

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