X @Wu Blockchain

Tom Lee: October Liquidations Crippled Market Makers, Pushing Crypto Into a Weak-Liquidity PhaseIn a CNBC interview on November 21, Bitmine Chairman Tom Lee explained that the crypto market has been "limping" since October 10, following an unusually large wave of liquidations that severely damaged market makers' balance sheets and significantly weakened liquidity. He noted that market makers function as the "central banks" of the crypto ecosystem, and once they are forced to shrink their balance sheets, it ...