2026-01-07 02:22:12

Interesting observation comes — Bitcoin spot ETP experienced an approximately $1 billion net outflow in December 2025. Does this sound like a demand collapse? Not really. Data analysis shows that this withdrawal was mainly driven by year-end tax-loss harvesting, a routine operation for institutions to offset annual gains.

More importantly, how quickly did the reversal happen? On the first trading day of 2026, the ETP absorbed nearly $500 million, directly contradicting previous pessimistic expectations. What does this indicate? It shows that major players have not truly exited the market.

On-chain data also confirms this — those OG whales have not shown signs of concentrated selling. They are waiting, watching. Meanwhile, institutional-grade asset tokenization has made substantial breakthroughs, with DTCC receiving SEC approval, indicating that traditional financial giants are accelerating their entry.

This is not a sign of recession; it’s turnover and restructuring. Retail investors were scared off by taxes, but institutions are lurking at low levels. The market always works this way — during moments of fear, it’s easiest to see who the real players are.

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SoliditySlayer

· 11h ago

The old trick of year-end profit-taking and selling the little guys again, retail investors really need to wake up Institutions accumulating at low levels? Fine, we'll keep waiting The whales haven't left, this is the real key signal DTCC entering the market does indicate something, traditional finance is finally taking it seriously Tax-driven selling = institutions' low-price entry ticket, a classic way to cut losses Once you see through it, a drop is an opportunity, fear reveals who is pretending the most Such a quick reversal—what does it mean? Retail investors' tears are the most valuable

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SandwichTrader

· 01-08 03:23

Tax audit? Ha, it's the same routine every year. Retail investors panic at the drop, while institutions happily scoop up assets. The whales haven't moved this time, which means they understand everything. Let's see who gets scared off. DTCC is really in the game now; the entry of traditional finance is indeed a big deal. Lurking at low levels is the true strategy; fear is the buying signal. Another year, another same old show. Year-end leek-cutting scheme, and in January, they turn around again.

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FundingMartyr

· 01-07 02:52

Retail investors' cut-loss machines are back online, and this set of tax talk is useful every year. Institutions are accumulating at the bottom price, while we're still debating whether to cut losses—that's the gap. Wait, is the DTCC thing real? Why is no one mentioning it in my circle? $500 million pouring in on the first day—it's quite aggressive. The idea of lurking at low levels sounds like armchair strategizing after the fact. I believe the whales haven't left, but will retail investors really come back? The real reversal should depend on the coin price; ETP inflows are just an illusory prosperity. Fear is indeed the best filter, but the problem is most people can't withstand this fear at all. It's called turnover in a nice way, but it's actually wealth redistribution—it's always the same game.

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SchroedingerAirdrop

· 01-07 02:51

Really, the routine of tax arbitrage scamming retail investors out every year keeps repeating, and institutions are just eating this meal. --- Proving the prophets wrong, the big shots are truly impressive. Their low-position ambush tactics make me drool. --- Wait, does the approval from DTCC mean that traditional finance is officially invading? I need to think about what this means for us. --- Wake up, retail investors. Fear is the best window for others to set up. It’s always like this. --- Five hundred million came in. What about those shouting authors of the previous papers? They’ve been proven wrong. --- On-chain data shows no whale dumping, so this signal is actually quite strong. --- Cutting a wave of leeks at the end of the year and continuing to rise in the new year— even screenwriters wouldn’t dare write this.

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GateUser-7b078580

· 01-07 02:46

Data shows that tax selling is just a false alarm; true players never panic. Wait a little longer, the institutional stealth period has just begun. $1 billion outflow turning into $500 million inflow? Even on an hourly basis, clues can be seen, and retail investors will eventually exit. However, the DTCC step indeed changed the game rules; traditional financial giants won't enter without reason. Patterns have been observed — the lows are always the moments to turn over, and historical lows often hide the next opportunity. Whales haven't run away, indicating that the problem isn't significant; just be patient and wait.

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GateUser-e51e87c7

· 01-07 02:40

Ha, I knew it. Retail investors get scared off by the numbers, but actually it's just warming up the institutions. It's a routine script for institutions to run during tax season. After reading the financial report data, you'll understand. When did those whales really dump? It's just small fragments oscillating. The key is the recent move by DTCC. The signal for traditional finance to enter is becoming more and more obvious. Another year of turnover cycle. Panic is the best time to get in.

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ImpermanentTherapist

· 01-07 02:40

Retail investors are easily startled, while institutions are eating up the chips. This old trick again. --- Tax selling happens every year, yet it’s always treated as bad news. --- $500 million entering the market in seconds? The whales have already calculated it, and we’re still hesitating. --- When the DTCC approves this, the real show begins. --- Fear is the best touchstone; those who panic lose. --- So the key isn’t outflows, but who’s taking the buy-in. --- On-chain data doesn’t lie; whales are still holding. --- This year-end wave? It’s a time to filter out genuine players from fake ones. --- Institutions lurk in the shadows, retail investors get shaken out—this story always plays out the same. --- The winners are those who lurk at low levels. Anyway, I’m optimistic.

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gas_fee_therapy

· 01-07 02:35

It's the same old story—end-of-year excuse to cut leeks, anyway the ones making money are always the institutions. Retail investors run, institutions move in. How many years has this game been played? Wait, did DTCC really approve it? Now that's the core, traditional finance is coming. Lurking at low levels? I feel like I've been always at high levels. Whales are watching and waiting, I'm also watching and waiting, but I just can't afford to wait.

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GateUser-9ad11037

· 01-07 02:27

Retail investors are easily startled, while institutions are secretly accumulating. This is the real scene of retail investors being harvested. Tax-loss harvesting is a trick that comes around every year. Are people still falling for it? Wake up. They injected 500 million on the first day. This move doesn't seem like fear; it looks more like feeding their own wallets. The whales are really lurking. On-chain data is right there. If you don't believe it, keep cutting losses. Once the DTCC approves, traditional giants will come in. We small investors really can't compete. In times of fear, it's best to observe. All kinds of monsters and ghosts will reveal their true forms.

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