Tom Lee: It appears that one or two market makers may have significant gaps in their balance sheets.
Foresight News reported that BitMine Chairman Tom Lee stated on social media in the early hours today that the current weakness in the cryptocurrency market has clear characteristics, suggesting that one or two market makers may have significant "gaps" in their balance sheets. Tom Lee pointed out that "sharks" in the market are circling, attempting to trigger liquidations and drive down the price of BTC. He believes this pain is temporary and will not change Wall Street's ETH supercycle trend being built on the blockchain. He emphasized that now is not the time to use leverage and advised avoiding liquidation.
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.
You may also like
Microsoft integrates Office Suite into Copilot, turning the AI assistant from a “plugin” into an “entry point”, and the stock price rises by 3.7%
Microsoft has announced a major upgrade to Copilot: Word, Excel and PowerPoint will be directly integrated into this AI assistant. Additionally, new programming tool Code and a continuously running AI agent called Autopilot have been introduced, aiming to transform Copilot from a single AI assistant into a one-stop solution for office work, programming, and task execution.
The United States requires Colorado coal-fired power plants to remain operational
Crypto prices
More
