BitMine Chairman Tom Lee commented on the recent market downturn during an interview with CNBC, stating that the decline was expected following a 36% gain since April's low. Lee noted that today's drop is the largest in the past six months, with the VIX fear index spiking 29%, marking the 51st largest single-day movement in history, reflecting strong investor risk aversion. He described the dip as a healthy market correction, suggesting it presents a buying opportunity unless there are structural changes. While Lee did not confirm a market bottom, he expressed optimism about returns over the next week to month.