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Fundstrat co-founder and BitMine Chairman Tom Lee stated on the X platform that the final holiday trading period of the year is usually accompanied by many institutional investors exiting the market, with algorithmic trading programs and trading bots beginning to dominate the market. At the same time, sell-offs for tax avoidance purposes also impact the market. These factors together shape the market dynamics in the last few days of December. BitMine previously disclosed that it increased its holdings by 44,463 Ethereum last week and mentioned that year-end tax-loss selling would depress the prices of cryptocurrencies and related stocks, with the impact being particularly significant from December 26 to 30. According to today's news, BitMine has once again staked 118,944 ETH and increased its holdings by 32,938 ETH.

According to Odaily, Tom Lee, Chairman of BitMine, posted on X stating that during the final holiday trading period of the year, many institutional investors typically choose to exit the market. The dominant market forces shift to algorithmic trading and trading bots, combined with year-end sell-offs driven by tax avoidance needs. These factors together shape the market dynamics in the last few days of December. Tom Lee previously pointed out, when BitMine disclosed last week’s additional purchase of 44,463 ETH, that as the year-end holidays approach, overall market activity tends to decline, and tax-loss selling exerts temporary pressure on the prices of cryptocurrencies and related stocks. This effect is usually most pronounced between December 26 and December 30, and BitMine is adjusting its market strategy based on this seasonal characteristic.

PANews, December 31 – Tom Lee, co-founder of Fundstrat and chairman of BitMine, posted on X: "Typically, during these final holiday trading sessions, many institutional investors exit the market. At this time, algorithmic trading programs and trading bots begin to dominate the market, along with tax-loss selling, all of which shape the market dynamics in the last few days of December." Previously, in BitMine's announcement disclosing an increase of 44,463 Ethereum holdings last week, Tom Lee mentioned that as the year enters the final weeks of the holiday season, market activity often tends to slow down. Year-end tax-loss selling puts downward pressure on the prices of cryptocurrencies and crypto-related stocks, and this effect is usually most pronounced from December 26 to December 30. Therefore, they are adjusting their market strategies accordingly. Earlier today, Bitmine staked another 118,944 ETH and increased its holdings by 32,938 ETH.