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Tom Lee: Many institutional investors will temporarily go off the grid during the year-end "holiday" trading period
BlockBeats News, December 31, Tom Lee, Chairman of the Ethereum Treasury Company BitMine, stated on social media that "Usually, during these end-of-year 'holiday' trading days, many institutional investors will temporarily exit, and the market is mainly dominated by the following factors:
Quantitative programs and trading bots;
Tax-related stop-loss selling;
This is a typical characteristic of the market operation in the last few days of December."
BlockBeats previously reported that on December 29, CoinShares released its latest weekly report stating that digital asset products saw a fund outflow of $446 million last week, bringing the total outflow since October 10 to $3.2 billion, indicating that market sentiment has not fully recovered.
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