BitMine Chairman Tom Lee, in an interview with CNBC, compared the current weak performance of the crypto market to the significant drop on October 10, which was triggered by stablecoin pricing errors leading to the largest liquidation in history. This event saw nearly 2 million accounts wiped out and liquidity rapidly drying up. Lee noted that such deleveraging cycles typically last about eight weeks, and the market is currently in its sixth week, suggesting it may be nearing the end of this adjustment phase.