Rushing before the end of the year, selling more as prices drop! The cryptocurrency market has become a "tax offset" asset for American investors

Against the backdrop of a significant rise in U.S. stocks and a pullback in Bitcoin this year, American investors are taking advantage of the year-end window to sell off crypto assets for "tax loss harvesting." Since spot cryptocurrencies are not subject to the "wash sale rule" that applies to U.S. stocks, investors can sell losing Bitcoin to offset their stock gains for tax purposes. This "sell more as it drops" strategy has surged at year-end, becoming a key tactic for investors to cope with market divergence and reduce their tax bills