It remains to be seen how US tax season will impact traders. There are tons of day traders who owe the IRS capital gains tax. If they dont have cash on hand, they could be forced to sell cryptos to pay off the obligations, which could drive prices down due to an imbalance of sell orders....
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An excellent point indeed my friend, and I myself owe the tax man almost $3,000, so there's go 3 grand that would have gone back into the market, so you make a very excellent point here.