Tom Lee, Chairman of BitMine, highlighted Bitcoin's resilience in a CNBC interview, noting that despite a massive deleveraging event, Bitcoin's price only fell by 3-4%. This event, reportedly several times larger than the FTX collapse, underscores Bitcoin's strength as a store of value and suggests improving market liquidity. Lee compared this to the gold market, where a similar minor drop would be seen as significant validation. Lee also commented on Ethereum's rapid activity growth on both L1 and L2 networks, driven largely by stablecoin usage. However, he noted that current Ethereum prices do not yet reflect these fundamental improvements, which he believes will take time to manifest. Lee emphasized that Ethereum's fundamental activities are accelerating.