Tom Lee: I think there is still a rally before the end of the year, and both Bitcoin and Ethereum are technically turning positive
2025-10-25 07:59:31
On October 25th, TomLee said in an interview with CNBC that the crypto market experienced a large-scale deleveraging event on October 11th. Some of the factors that caused this event included tariffs and trade frictions. This was the most serious liquidation event in the crypto industry in the past five years. The chain reaction after the event is still ongoing. Two weeks later, pessimism is still lingering, but I think these phenomena are coming to an end, because Bitcoin and Ethereum contract holdings are at historical lows, and at this time, both are turning positive from a technical standpoint. Therefore, I also believe that cryptocurrencies will also usher in a rally before the end of the year. JPMorgan Chase recently said that it may accept cryptocurrencies as collateral in the future, which is very helpful for market confidence.
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