Tom Lee, Chairman of BitMine, has suggested that the current weakness in the cryptocurrency market may be due to significant gaps in the balance sheets of one or more market makers. Lee, posting on the X platform, indicated that there are entities attempting to trigger liquidations and price drops, particularly in Bitcoin. Despite this, he believes the situation is a short-term pain and does not alter the long-term "ETH super cycle" driven by Wall Street. Lee advises against leveraging positions to avoid forced liquidations. He anticipates that the market could recover in 6-8 weeks, potentially after Thanksgiving.
BitMine's Tom Lee Warns of Market Weakness Due to Market Maker Gaps
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