Tom Lee's Shock Call Meets BitMine's Supply Squeeze — Is ETH Set To Ignite?

Group 1 - Tom Lee predicts Ethereum (ETH) could drop to $2,500 before entering a supercycle that could see prices rise to $7,000–$9,000 within weeks [1][4] - Bitmine Immersion Technologies Inc has accumulated approximately 3% of the total ETH supply and aims to reach 5%, which is seen as a critical threshold for creating scarcity [2][3] - The consolidation of ETH supply by Bitmine is viewed as a potential controlled supply squeeze, which could lead to structural pressure in the market if demand increases [3][4] Group 2 - If Ethereum drops to $2,500, it presents an asymmetric buying opportunity, where forced sellers meet a strong buyer, potentially leading to a market pivot [4] - There is speculation that Bitmine's actions may be setting the stage for a liquidity shock, which could result in late-movers facing challenges in finding Ethereum to purchase [5][6] - The market dynamics may shift rapidly, with the potential for a quick rebound that outpaces traditional market adjustments [5][6]