Tom Lee: The 1011 plunge and the DeFi protocol thunderstorm have damaged market confidence and will take weeks to digest
2025-11-07 08:35:37
On November 7th, Tom Lee, chairperson of BitMine, the first holding institution of Ethereum, said in an interview with CNBC yesterday that the 1011 plunge was the largest liquidation event in the history of crypto, followed by the theft of Balancer and other DeFi protocol thunderstorms, which have seriously hit market confidence, so the market may still need a few weeks to digest the impact of the above events. "The good news is that there are not many projects that have problems at present, so it does not seem to be a systemic problem."
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