Golden Finance reported that BitMine Chairman Thomas (Tom) Lee stated that recent signs of weakness in the crypto market indicate that one or more market makers may have significant gaps in their balance sheets, and the market is trying to trigger their liquidation. He believes this is a short-term fluctuation that will not change the long-term supercycle trend of Ethereum and advises investors not to use leverage at this time to avoid the risk of getting liquidated.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tom Lee: The fall in the crypto market may be due to the asset gap of market makers, which is a short-term market fluctuation.
Golden Finance reported that BitMine Chairman Thomas (Tom) Lee stated that recent signs of weakness in the crypto market indicate that one or more market makers may have significant gaps in their balance sheets, and the market is trying to trigger their liquidation. He believes this is a short-term fluctuation that will not change the long-term supercycle trend of Ethereum and advises investors not to use leverage at this time to avoid the risk of getting liquidated.