Bitcoin and Ethereum are displaying improved technical indicators following a significant liquidation event on October 10, according to Tom Lee, chairman of Bitmine Immersion Technologies. The event, which erased billions in leveraged positions, was partly triggered by escalating U.S.-China trade tensions. Lee noted that the market is stabilizing, with both cryptocurrencies showing record-low open interest and signs of resilience. Additionally, Lee pointed out JPMorgan's upcoming initiative to allow institutional clients to use Bitcoin and Ether as collateral for loans by the end of the year. This move is seen as a step towards broader acceptance of cryptocurrencies within traditional financial systems.