BTC.XOne could argue the liquidation from Oct. 5 through the end of November set the stage for an inverse move back toward new highs.
The reasoning is that short interest which survived that sharp leg down is now approaching long-term capital gains treatment, potentially 15% versus 35% short-term.
The tax incentive to cover could become a serious tailwind.
Holding $Strategy(MSTR)$ and $Defiance Daily Target 2X Long MSTR ETF(MSTX)$
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