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.
BTC-0,71%
ETH0,05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt