BitMine Chairman Tom Lee suggested that the weakness in the cryptocurrency market may be related to one or several market makers having a "hole" in their balances, while "sharks" are circling to cause liquidation and push #BTC down. He emphasized that this is a short-term situation that does not change Wall Street's opinion on #ETH. If Tom Lee is right, then the current movement is not a "market crash", but rather a hunt by large players for a weak market maker. Short-term noise that does not change the global picture for BTC and certainly does not touch Wall Street's bullish view on ETH.
In other words: this is not a trend reversal, but someone's internal problem that is currently being squeezed through the price.
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Interesting thought:
BitMine Chairman Tom Lee suggested that the weakness in the cryptocurrency market may be related to one or several market makers having a "hole" in their balances, while "sharks" are circling to cause liquidation and push #BTC down. He emphasized that this is a short-term situation that does not change Wall Street's opinion on #ETH.
If Tom Lee is right, then the current movement is not a "market crash", but rather a hunt by large players for a weak market maker. Short-term noise that does not change the global picture for BTC and certainly does not touch Wall Street's bullish view on ETH.
In other words:
this is not a trend reversal, but someone's internal problem that is currently being squeezed through the price.