Re: What Could Have Caused Bitcoin to Flash Crash On Sunday?
Quite an interesting addition, to be honest I did not know about the change in tax rates! In the presence of such a factor, it becomes logical to "drain bitcoin", and in fact fix tax deductions so as not to lose on taxes in the near future. Moreover, in numerical terms, the rebound was just recorded at the border of about 15%, and the price does not fall below, so as not to "cross the line" where the losses due to the fall in the exchange rate will exceed the losses from the growth of tax deductions.
Oh hello Dr.Beer! This is Beer Lover here! 
. I do think that was the biggest reason, take your bitcoins out, turn them into cash, take out your profit, put the capital back in and pay the taxes on your profit if you want to and move on. This way they are saving a lot of money from the new tax when it comes, what better reason there could be?And let's remember USA may not be the number one nation with crypto population right now (or maybe, I really don't know) but they are a very wealthy nation, they have most of the billionaires and they have the biggest companies, so there must be a lot of known and unknown crypto investors who will have to pay huge sums of tax, even at the current level, with the new tax hike, it will cause even more, nearly half of your profit after the first million goes to tax. Which is why it makes sense to cash out. Wish they didn't, wish the rich paid their fair share, but let's be honest if I made over a million dollars profit, I would be doing the same as well.