Market Dynamics Shift in December Due to Institutional Exit and Tax-Selling

According to ChainCatcher, BitMine Chairman Tom Lee shared insights on the X platform regarding market trends during the final holiday trading period of the year. Lee noted that many institutional investors typically exit the market during this time, leading to a shift in market dynamics dominated by algorithmic and robotic trading programs. This period also sees increased selling activity driven by tax-related needs, influencing the market dynamics in the last days of December. Previously, when BitMine disclosed its acquisition of 44,463 ETH last week, Lee highlighted that as the year-end holidays approach, overall market activity tends to decrease source: https://www.binance.com/en/square/post/34431706326129?utm_source=BinanceNewsRSS