PANews reported on November 16th that Tom Lee, Chairman of the Board of BitMine, an Ethereum treasury company, posted on the X platform that the current cryptocurrency market downturn has exposed many problems, such as: one or two market makers with significant balance sheet vulnerabilities, and a group of sharks poised to trigger a Bitcoin price crash/sell-off. However, the pain caused by these problems will not last long and will not change Wall Street's goal of building an "ETH supercycle." But now is not the time to use leverage, as it is easy to get trapped. Furthermore, in response to a community user's question about when the market maker balance sheet issue could be resolved, Tom Lee stated that it seems it will take 6-8 weeks.PANews reported on November 16th that Tom Lee, Chairman of the Board of BitMine, an Ethereum treasury company, posted on the X platform that the current cryptocurrency market downturn has exposed many problems, such as: one or two market makers with significant balance sheet vulnerabilities, and a group of sharks poised to trigger a Bitcoin price crash/sell-off. However, the pain caused by these problems will not last long and will not change Wall Street's goal of building an "ETH supercycle." But now is not the time to use leverage, as it is easy to get trapped. Furthermore, in response to a community user's question about when the market maker balance sheet issue could be resolved, Tom Lee stated that it seems it will take 6-8 weeks.
Tom Lee: Leverage is not recommended in the near term; the market may need 6-8 weeks to address the loopholes in market makers' balance sheets.
PANews reported on November 16th that Tom Lee, Chairman of the Board of BitMine, an Ethereum treasury company, posted on the X platform that the current cryptocurrency market downturn has exposed many problems, such as: one or two market makers with significant balance sheet vulnerabilities, and a group of sharks poised to trigger a Bitcoin price crash/sell-off. However, the pain caused by these problems will not last long and will not change Wall Street's goal of building an "ETH supercycle." But now is not the time to use leverage, as it is easy to get trapped. Furthermore, in response to a community user's question about when the market maker balance sheet issue could be resolved, Tom Lee stated that it seems it will take 6-8 weeks.
Market Opportunity
TOMCoin Price(TOM)
$0.000174
$0.000174$0.000174
USD
TOMCoin (TOM) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Critical Analysis Behind ADA’s Potential $2 Surge
The post The Critical Analysis Behind ADA’s Potential $2 Surge appeared on BitcoinEthereumNews.com. Cardano Price Prediction 2026-2030: The Critical Analysis Behind
Share
BitcoinEthereumNews2025/12/29 18:43
Novogratz doubts XRP and Cardano can maintain relevance as crypto market matures
The post Novogratz doubts XRP and Cardano can maintain relevance as crypto market matures appeared on BitcoinEthereumNews.com. Mike Novogratz questions whether
Share
BitcoinEthereumNews2025/12/29 18:11
Unleashing A New Era Of Seller Empowerment
The post Unleashing A New Era Of Seller Empowerment appeared on BitcoinEthereumNews.com. Amazon AI Agent: Unleashing A New Era Of Seller Empowerment Skip to content Home AI News Amazon AI Agent: Unleashing a New Era of Seller Empowerment Source: https://bitcoinworld.co.in/amazon-ai-seller-tools/
Share
BitcoinEthereumNews2025/09/18 00:10