U.S. spot Bitcoin ETFs just bled $825 million over eight days—but don’t hit the panic button. This mass exodus is classic tax loss harvesting: big players dumping losers for those sweet IRS credits before options expiry. Despite screams of crypto winter, the outflows have an expiration date. Asian whales are counteracting U.S. selling, feasting on the bargains. Deposit flow to Binance is halved, limiting ammo for any real capitulation. Meanwhile, Bitcoin’s correlation to stocks and gold has evaporated, leaving it moody and adrift. Cycle momentum isn’t sounding systemic alarms, and the “bear market” requires more than seasonal repositioning plus accountant sorcery. Expect choppiness short term, but the real fireworks—up or down—kick off after the taxman clocks out. Stay risk-managed; the market’s still a game of chairs.
Continue to read Bitcoin ETFs Take $825M Gut Punch: Tax Loss Harvesting Sets Off a Year-End Shakeout
U.S. spot Bitcoin ETFs just bled $825 million over eight days—but don’t hit the panic button. This mass exodus is classic tax loss harvesting: big players dumping losers for those sweet IRS credits before options expiry. Despite screams of crypto winter, the outflows have an expiration date. Asian whales are counteracting U.S. selling, feasting on the bargains. Deposit flow to Binance is halved, limiting ammo for any real capitulation. Meanwhile, Bitcoin’s correlation to stocks and gold has evaporated, leaving it moody and adrift. Cycle momentum isn’t sounding systemic alarms, and the “bear market” requires more than seasonal repositioning plus accountant sorcery. Expect choppiness short term, but the real fireworks—up or down—kick off after the taxman clocks out. Stay risk-managed; the market’s still a game of chairs.
Continue to read Bitcoin ETFs Take $825M Gut Punch: Tax Loss Harvesting Sets Off a Year-End Shakeout
Yorumlar
Yorum Gönder