Global markets experienced early closures on December 24, 2025, due to the Christmas holiday, impacting trading activity. The Hong Kong stock market closed early and will remain shut for two additional days. Similarly, the U.S. market concluded trading at 02:00 Beijing time on December 25 and will be closed the following day. European markets, including Germany, Italy, France, the UK, and Spain, have also initiated holiday closures, with some closing early and remaining shut for two days. On-chain data indicated a decrease in trading activity as a result of these closures. Additionally, CME Group's futures contracts and ICE's Brent crude oil trading ended early, with the latter closing at 03:00. The fear and greed index reflected mixed signals amid these adjustments in global market operations.