Every year-end, American investors stage a massive sell-off—not out of panic, but as a calculated move. Using tax-loss harvesting to reduce tax burdens has long been a familiar strategy on Wall Street. Historical data shows that the selling pressure at the end of December often continues into the New Year.

But here’s the interesting part. Once the sell-off wave passes, January often becomes a window for a rebound—market sentiment shifts from pessimism to optimism, and fresh funds start to flow in.

From a different perspective, if the main driver of this decline is tax-related liquidation rather than deteriorating fundamentals, then January might truly be a low-risk opportunity to position. After all, forced selling and proactive bearishness are two different things. The question is, will this time follow the historical script? Where exactly is BTC’s bottom? How will tokens like ETH and ZEC respond?

The market is never short of uncertainty, but those who understand the cycle often find opportunities when others are panicking. What do you think—Is January a window to pick up chips, or the start of another downward wave?