Tom Lee Binance Blockchain Week Speech: Why Do I Think Crypto Asset Prices Have Bottomed Out?At the Binance Blockchain Week speech, Tom Lee pointed out that this year, the crypto market has underperformed traditional assets, but “no one can really explain” the reason for the decline. He believes the core factor is deleveraging, and its pace is highly consistent with the eight-week recovery period after the FTX collapse, which means the market may be close to a bottom.
He revealed that five weeks ago, Fundstrat, in collaboration with market timing expert Tom DeMark, significantly slowed down ETH purchases, but recently accelerated again, buying nearly 100,000 ETH last week, because they believe the price has bottomed out.
Regarding Bitcoin, Tom Lee
PANews·17h ago