Only 2723 minutes for loss harvesters to sell Crypto for a tax loss. This has been happening a ton in the US alone since IRS security wash sale rules as of now do not apply to Crypto. Hardly any bulls will be owing taxes next year so we dont have to worry about that as a source of dumping. Some shorters however will have large profits to pay taxes on and many will have to close open short positions to raise funds to pay taxes
