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Tom Lee: Institutional Investors Exiting Market During Year-End Holidays, Algorithmic Trading and Tax Avoidance Sales Dominating Market
Summary: In a recent post on X platform, BitMine Chairman Tom Lee stated that during the final holiday trading period of the year, many institutional investors choose to exit the market, leading to a shift in market dominance towards algorithmic trading and robot trading programs. Additionally, sales driven by tax avoidance needs at year-end further contribute ...
In a recent post on X platform, BitMine Chairman Tom Lee stated that during the final holiday trading period of the year, many institutional investors choose to exit the market, leading to a shift in market dominance towards algorithmic trading and robot trading programs. Additionally, sales driven by tax avoidance needs at year-end further contribute to the market dynamics in the last few days of December.
Tom Lee, who previously disclosed an increase of 44,463 ETH holdings last week on BitMine, also noted that as the year-end holidays approach, overall market activity tends to decrease. Tax avoidance sales may temporarily suppress prices of cryptocurrencies and related stocks, with this impact typically most noticeable between December 26 and December 30. BitMine is adjusting its market strategy based on this seasonal characteristic.
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Link: Tom Lee: Institutional Investors Exiting Market During Year-End Holidays, Algorithmic Trading and Tax Avoidance Sales Dominating Market [Copy]
