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The "event - driven market conditions" in the cryptocurrency market during holidays or major events are mainly formed due to several factors. First, during holidays or major events, the participation of market participants decreases, resulting in reduced trading volume. Second, investors may be more cautious during such periods, waiting for the event to pass before making trading decisions, which leads to a narrowing of price fluctuations. For investors, this means that during such periods, trading strategies need to be adjusted. Avoid excessive trading based on short - term price fluctuations. Instead, focus on long - term investment value and wait for the market to return to normal before making more active investment decisions.