2025-12-26 14:20:48

最近比特币经历了年内的明显回调，跌幅达到30%。这种价格下行往往会触发一个特殊现象——投资者出于抵扣税务的目的，选择在年末进行套现。这波「税损收割」行为虽然看似个别，但当大量持仓者同时选择这样做时，就会形成相当可观的集中卖压。

从市场短期表现来看，这种被动抛售确实会加重下行的势头。投资者信心本就因价格下跌而受挫，再加上来自税务考量的系统性卖盘，市场很容易被推向更弱的位置。虽然这个窗口对一些投资者有税务意义，但对整体市场情绪而言，无疑构成了额外的负面因素。

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BlockchainBrokenPromise

· 8h ago

End-of-year sell-off to offset taxes, this trick is truly clever Really, a 30% drop and you're already thinking about how to save on taxes? Basically, institutions are just using tax avoidance as an excuse to escape Retail investors follow the trend and dump, creating a vicious cycle Don't cry when there's a rebound next year

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BoredWatcher

· 12-26 14:50

End-of-year cutting losses is really a skill; a bunch of people sell off uniformly, making it look like a market dump.

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NftDeepBreather

· 12-26 14:49

Year-end cash-out to cut tax losses... I see this as institutions digging pits for retail investors. A 30% drop is truly brutal, passive sell-offs directly smashing the market. It's another year of "tax avoidance" excuses, but in the end, it's always the retail investors who pay the price.

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TestnetScholar

· 12-26 14:47

Year-end loss harvesting, what a trick... It's really a group of people jumping into the pit together. Wait, isn't this logic reversed? The more you lose, the greater the tax benefits? I thought it was the big loss cutters washing their positions. The US-style tax loss offset is indeed fierce, but it doesn't quite feel the same here. A 30% drop... Should I buy the dip or keep running? I really can't understand it.

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GasFeeGazer

· 12-26 14:47

Tax loss harvesting this time is really brilliant, an American trick.

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AirdropBuffet

· 12-26 14:26

Year-end sell-off is really intense. To save a few taxes, they deliberately crush the market. Basically, it's a group of people collectively dumping, making it even harder for retail investors to survive. If we can catch the bottom in this wave, it would be a huge profit. Wait, why does this logic seem a bit off... Thinking about tax deductions during a bear market, that's really clever. Can't push anymore, brothers. Let's wait until next year. I just want to know how much these institutions have lost to be so eager to sell off.

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BetterLuckyThanSmart

· 12-26 14:21

Tax loss harvesting is really clever; as soon as it appears at the end of the year, you know a decline is coming.

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