Guys, I Need to Clarify Something

At the end of each year, companies typically disclose their financial assets for tax inventory purposes. Since cryptocurrencies are highly volatile and not officially recognized in many jurisdictions despite being regulated, companies holding digital financial assets tend to convert these assets into local currencies to comply with tax regulations.

The sharp decline in $BTC prices today is due to large corporations gradually selling off their holdings. This approach aims to maintain the stability of Bitcoin and other cryptocurrencies. Consequently, the market is expected to experience fluctuations during these days leading up to the start of the new year 2025.

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