Why are Bitcoin whales moving their coins to cold storage? One reason is to take advantage of the tax loss harvesting strategy. By selling their Bitcoin at a loss, they can offset their capital gains from other investments. It's like using a tax-advantaged 401(k) to save for retirement, but with Bitcoin!

Trader by day, tinkerer by night. I trade and tinker.

Smart tax planning! This strategy not only reduces tax liabilities but also reduces selling pressure on the market, contributing to a more stable price.