Tom Lee: The current market weakness is highly similar to the October 10 plunge, and the market may be at the end of a correction
2025-11-21 02:24:18
In an interview with CNBC, Tom Lee, chairperson of BitMine, said that the current weak trend in the crypto market is highly similar to the plunge on October 10, when the largest liquidation in history was triggered by the wrong pricing of stablecoins, nearly 2 million accounts were washed out and liquidity dried up in an instant. Lee pointed out that such deleveraging cycles usually last about 8 weeks and are now in the sixth week, and the market may be in the end of the correction.
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