Bitmine Chairman Tom Lee Links ETH’s 8% Weekly Drop to Quarter-End Window Dressing
2026-06-30 10:30:19
Bitmine Chairman Tom Lee attributed Ethereum’s (ETH) 8% weekly decline to quarter-end “window dressing,” saying funds may be trimming three-month losers ahead of June reporting. According to BeInCrypto, Lee made the comments as Bitmine reported holdings of 5,700,040 ETH worth roughly $9 billion and said the firm bought 27,084 ETH last week. ETH is down nearly 22% over the past month versus Bitcoin’s (BTC) 19% loss and is on track for a third straight red quarter. BeInCrypto also cited Lookonchain data showing SharpLink resumed buying, acquiring 39,196 ETH after an eight-month pause.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
