[Tom Lee Says Crypto Market Deleveraging Cycle May Be Nearing Its End] BitMine Chairman Tom Lee stated in an interview with CNBC that the current weak performance of the crypto market is similar to the crash triggered by stablecoin pricing errors on October 10, during which nearly 2 million accounts were liquidated and liquidity dried up rapidly. He noted that such deleveraging cycles typically last around 8 weeks, and the market is now in its 6th week, possibly nearing the end of the adjustment phase.