2025-12-31 06:24:34

North American retail investors have recently experienced a wave of crypto sell-offs, with analysts generally pointing to a behind-the-scenes driver: tax-related stop-loss operations. Several market figures, including Tom Lee, have emphasized this point.

According to reports, U.S. centralized exchanges are about to face stricter regulatory requirements. Starting in 2025, these platforms will need to directly report users' trading data and coin sale records to the IRS. By the 2026 tax season, users will receive tax forms sent by the exchanges.

In other words, every buy and sell operation you make on an exchange must be reported to the U.S. IRS. This also explains why there is currently a sell-off wave—many North American retail investors are taking advantage of the end of the year to use stop-losses to handle some losing positions, possibly to lock in tax losses in advance under the new transparency regulations. This reflects both changing market sentiment and the increasingly strict compliance requirements.

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GateUser-4745f9ce

· 15h ago

Oh no, now it's over. The US is going to report all our transaction records to the IRS. Retail investors' recent sell-off was really driven by fear of taxes... I understand, who wants to be exposed so thoroughly? It's better to admit defeat early and feel more comfortable. Tom Lee is right, this is the price of financial compliance.

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ChainSpy

· 15h ago

Oh no, the IRS has targeted us... Retail investors are really being forced to sell off. --- So, the American move to pull the rug out from under everyone has completely exposed all the books. --- Wait, isn't this the deadline for an early exit? No wonder so many people are dumping their holdings recently. --- Tom Lee is right, this is a forced sell-off caused by a tax crisis, truly brilliant. --- I just wonder if China will follow suit with this approach... --- It's a bit overwhelming. How will transparency work in 2025? --- Retail investors are now being forced to admit their loss limits, this tactic is brilliant. --- Basically, the Heavenly Empire wants to see your books clearly, then all together cut. --- You must run before the end of the year, or the tax bureau will fleece you.

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SatoshiLeftOnRead

· 15h ago

Haha, now American retail investors are about to lose their temper. The IRS is monitoring every transaction. No wonder the current sell-off is so fierce. --- Instead of waiting for next year's tax form to hit your face, it's better to take some losses now. Sometimes, human joys and sorrows end up at the same destination. --- Tom Lee is right, but I really want to know if institutions have already been secretly locking in losses. --- In 2025, US exchanges will report statements to the IRS. I bet North American retail investors will start moving on-chain to hide. --- Transparency, for honest people, is hell; but for those who manipulate retail investors, it's paradise haha.

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SleepTrader

· 15h ago

Ha, that's why everyone has been smashing the past couple of days. Oh my god, the IRS is going to install monitoring tools on exchanges. Who would still dare to hold losing positions? Instead of waiting to be investigated, it's better to proactively cut losses and lock in the damage. I see through this tax arbitrage. American retail investors are really incredible; they are forced to become tax optimization experts. I knew this sell-off wasn't just a technical issue; it’s definitely the tax authorities making their move. 2025 is really going to change; from now on, there will be no privacy in crypto life. Isn't this just telling us to run away quickly? Anyway, with transparency, there's no privacy to speak of. Retail investors' moves this time are actually quite clever—using compliance as an excuse to lock in losses. Tom Lee and others have been talking nonsense for so many years, but at least this time they got it right. The IRS has really become our second market manipulator in the crypto space. Unbelievable.

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RugPullAlarm

· 15h ago

Ha, it's the same old story with taxes. But speaking of which, the IRS directly connecting to exchange data in 2025 is indeed a big move. On-chain data has been obvious for a long time, and now it's finally going to be officially reported? It should have been like this a long time ago. The North American folks are quite clever with this stop-loss operation, locking in losses early for tax deductions. But once the new regulations come into effect, it will be too late. The question is, will this be another opportunity for big players to harvest?

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SchroedingerMiner

· 15h ago

Oops, next year the IRS will be able to see our transaction records? Retail investors need to speed up their actions now. --- Had I known tax transparency was coming, no wonder everyone is cutting losses now. Instead of waiting to be caught with their pants down, it's better to admit losses proactively. --- Tom Lee is right; there is indeed a tax logic behind this wave of selling, but it also seems exaggerated... In reality, retail investors panic when they see that they will need to report taxes next year. --- Starting in 2025, nothing can be hidden anymore. I feel this is the real "transparency" coming, and the crypto world needs to grow up. --- Wait, what about self-custody wallets? Can the IRS still check on-chain data? That's the key. --- North American users are probably kicking themselves now. Had they known, they wouldn't have used centralized exchanges... --- Using stop-loss to lock in losses for tax deduction is clever. I need to remember this logic. --- Basically, regulation is coming, retail investors are starting to self-rescue, and the market is also becoming volatile. That's normal.

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RugpullAlertOfficer

· 15h ago

Damn, the IRS is coming... Now those retail investors in North America are really going to have to cut their losses.

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