The logic behind my purchase of BTC a couple of days ago was to preemptively take advantage of American investors engaging in tax-loss harvesting. Since cryptocurrencies have seen significant pullbacks this year, many Americans sold their crypto at the end of last year for tax-loss harvesting, which may have contributed to underperforming compared to the U.S. stock market at that time. This can be divided into two parts: If they sold spot, they could sell and then immediately buy back, which theoretically wouldn’t increase new buying pressure in January, but it would also reduce the selling pressure from tax-loss harvesting. If they sold BTC ETFs, they would have to wait 30 days to buy back to avoid a wash sale, meaning they wouldn’t buy back until the end of January at the earliest, resulting in buying pressure throughout January. Over the past couple of days, BTC has clearly been stronger than the U.S. stock market. So my trading plan is to buy on January 1st and then sell in early February, hoping for a decent rebound in BTC in January.