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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BoredWatcher

· 11h ago

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

· 11h ago

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

· 11h ago

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

· 11h ago

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

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AirdropBuffet

· 12h ago

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