X @Wu Blockchain

BitMine Chairman Tom Lee suggested that the recent crypto market weakness may be due to one or more market makers having a “hole” in their balance sheets, with “sharks” circling to trigger liquidations and push BTC lower. He emphasized that this is short-term pain and does not alter Wall Street’s push toward the ETH supercycle. He also warned against using leverage in the current environment and estimated the market could begin to recover in 6–8 weeks, post-Thanksgiving. https://t.co/hWgx97PMTe ...