BitMine Chairman Tom Lee stated in a CNBC interview that the market is currently exhibiting clear risk-off characteristics, with technology and semiconductor sectors under heavy pressure while defensive sectors strengthen. Despite what he describes as overly pessimistic sentiment, Lee's technical analyst Mark Newton believes tech stocks have essentially reached support levels. Lee addressed concerns about excessive spending in the AI sector, arguing that continued technological breakthroughs combined with prudent discipline in the debt market signal a healthier investment cycle rather than an impending collapse. He emphasized that valuation pullbacks do not necessarily indicate the end of the AI technology wave. However, Lee warned that if AI-related concerns trigger a broader risk-off selloff, the impact would extend beyond equities to spill over into cryptocurrencies and related assets, including $BMNR.