Tom Lee: The crypto market downturn may be due to a market maker asset gap and is a short-term market fluctuation.
Jinse Finance reported that BitMine Chairman Thomas (Tom) Lee stated in a post that the recent signs of weakness in the crypto market indicate that one or more market makers may have significant gaps in their balance sheets, and the market is attempting to trigger their forced liquidation. He believes this is a short-term fluctuation and will not change Ethereum's long-term supercycle trend. He also reminds investors not to use leverage at this time to avoid liquidation risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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