My logic for buying BTC a couple of days ago was to front-run the Americans doing tax-loss harvesting. Since crypto has pulled back a lot this year, many Americans sold crypto at the end of last year for tax-loss harvesting purposes. This might also be one of the big reasons why crypto underperformed U.S. stocks at the end of last year. It can be broken down into two parts: if they sold spot holdings, they could sell and immediately buy back, which theoretically wouldn’t add new buying pressure in January but would reduce the selling pressure from tax-loss harvesting. If they sold BTC ETFs, they’d have to wait 30 days to buy back to avoid a wash sale. In that case, the latest they’d buy back would be the end of January, meaning there would be buying pressure throughout January. Over the past couple of days, BTC has also been noticeably stronger than U.S. stocks. So my trading plan is to buy on January 1st and sell in early February, hoping BTC will have a decent rebound in January.