Tom Lee, co-founder of Fundstrat and chairman of BitMine, described the recent market decline as a strategic buying opportunity. Speaking to CNBC, Lee noted that the market's drop was anticipated following a 36% rise since April. He highlighted the significant spike in the VIX fear index, which rose 29% in a single day, marking it as one of the top 1% of extreme market conditions historically. Despite the current market nervousness, Lee emphasized that unless there are structural changes, the pullback presents a favorable entry point for investors. He remains optimistic about market performance in the coming weeks, suggesting a high probability of gains.