Tom Lee: Year-end holiday withdrawal of institutional investors, algorithmic trading and tax-avoidance selling dominate the market.

Tom Lee, Chairman of BitMine, stated in an article on the X platform that many institutional investors typically exit the market during the final holiday trading period of the year, shifting market dominance to algorithmic and bot trading programs. This, coupled with year-end selling driven by tax avoidance needs, contributes to the market dynamics in the last few days of December. Previously, when BitMine disclosed its purchase of 44,463 ETH last week, Lee also pointed out that as the year-end holidays approach, overall market activity tends to decline, and tax-avoidance selling can exert temporary downward pressure on cryptocurrency and related stock prices. This impact is typically most pronounced between December 26th and December 30th, and BitMine is adjusting its market strategy based on this seasonal characteristic.