AiCoin
AiCoin|Nov 16, 2025 03:02
[Tom Lee: Leverage Not Recommended in the Short Term, Market Turmoil Won't Affect ETH Supercycle Target] Tom Lee, Chairman of the Board at Ethereum treasury company BitMine, posted on the X platform that the recent downturn in the cryptocurrency market has exposed some issues, including significant vulnerabilities in the balance sheets of one or two market makers, as well as a 'shark swarm' taking advantage of the situation to trigger a sharp drop in Bitcoin prices. He stated that the pain caused by these issues will not persist in the long term and will not alter Wall Street's goal of building an 'ETH supercycle.' However, he does not recommend using leverage at the moment, as it could easily lead to being trapped. In response to community users' questions about the timeline for resolving the market makers' balance sheet issues, Tom Lee estimated it would take 6 to 8 weeks.
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