Core Insights - Tom Lee suggests that Bitcoin (BTC) and Ethereum (ETH) are nearing a bottom after a prolonged decline, indicating that the current crypto winter is "near the end" despite skepticism due to previous missed predictions [1][7] - Institutional investors are increasing their exposure to BitMine, with significant investments from BlackRock and Cathie Wood's Ark Invest in Ethereum [1] Group 1 - Lee indicates that the current market sentiment and weak price action imply that the crypto market is in its final phase of capitulation, with Bitcoin projected to fall to around $60,000 and Ethereum to approximately $1,890 [2] - Ethereum has reportedly reached its target and may need "one more undercut" before establishing a lasting low, with Lee predicting the downturn could conclude by April at the latest [3] - The crypto market has faced significant struggles since Q4, with Bitcoin and Ethereum down 45% and 60% from their all-time highs, respectively [4] Group 2 - Lee's previous bullish projections for Bitcoin and Ethereum have not materialized, leading to skepticism about his credibility, especially regarding his bottom call [5] - The surge in gold prices has created a "FOMO" effect, diverting capital away from digital assets, as gold's strength has become more pronounced [8]