The S&P 500's historical 'Santa Rally'—a pattern of gains in December and early January—may offer optimism for Bitcoin as it navigates a challenging fourth quarter. Over the past 20 years, the S&P 500 has experienced gains in 15 instances during this period, with an average increase of 0.58%. Bitcoin's year-end performance has been inconsistent, showing significant rebounds in 2011 and 2016, but also experiencing notable declines in 2014 and 2021. As Bitcoin faces its toughest Q4 since 2022, the potential for a similar rally could provide a much-needed boost.