According to Odaily Odaily, BitMine Chairman Tom Lee stated in an article published on the X platform that many institutional investors typically choose to exit the market during the final holiday trading period of the year, with market dominance shifting towards algorithmic trading and bot trading programs. This, coupled with year-end selling due to tax avoidance needs, contributes to the market dynamics in the last few days of December.
Tom Lee previously pointed out when BitMine disclosed that it had increased its holdings of 44,463 ETH last week that as the year-end holidays approach, overall market activity tends to decline, and tax-avoidance selling will put pressure on cryptocurrency and related stock prices in the short term. This effect is usually most pronounced between December 26 and December 30. BitMine is adjusting its market strategy based on this seasonality.
