PANews reported on November 16th that BitMine Chairman Tom Lee stated on the X platform, "In my view, the weakness in cryptocurrencies has all the following signs: a significant gap in the balance sheets of one (or two) market makers; sharks are poised to sell Bitcoin, attempting to trigger a liquidation/price crash. This pain is short-term and will not change Wall Street's supercycle of building Ethereum on the blockchain." Tom Lee added, "Now is not the time to use leverage. Don't let yourself get liquidated."PANews reported on November 16th that BitMine Chairman Tom Lee stated on the X platform, "In my view, the weakness in cryptocurrencies has all the following signs: a significant gap in the balance sheets of one (or two) market makers; sharks are poised to sell Bitcoin, attempting to trigger a liquidation/price crash. This pain is short-term and will not change Wall Street's supercycle of building Ethereum on the blockchain." Tom Lee added, "Now is not the time to use leverage. Don't let yourself get liquidated."
Tom Lee: The crypto market weakness is a short-term fluctuation, but now is not the time to use leverage.
PANews reported on November 16th that BitMine Chairman Tom Lee stated on the X platform, "In my view, the weakness in cryptocurrencies has all the following signs: a significant gap in the balance sheets of one (or two) market makers; sharks are poised to sell Bitcoin, attempting to trigger a liquidation/price crash. This pain is short-term and will not change Wall Street's supercycle of building Ethereum on the blockchain." Tom Lee added, "Now is not the time to use leverage. Don't let yourself get liquidated."
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