Key Notes

Lee attributes current market weakness to liquidity drainage following October 10 liquidations, comparing it to quantitative tightening effects.

BitMine holds $11.1 billion in Ethereum at $3,120 per ETH, currently facing 1.37% unrealized losses as markets consolidate.

The executive maintains bullish outlook, projecting crypto cycle peak will occur between 12 to 36 months from now despite near-term volatility.

Thomas “Tom” Lee of Fundstrat, chairman of BitMine, recently addressed crypto investors’ concerns about the market having reached its top value this cycle. BitMine is the world’s largest Ethereum ETH $3 095 24h volatility: 1.2% Market cap: $374.76 B Vol. 24h: $36.69 B treasury, holding $11.8 billion of ETH, and the second-largest cryptocur

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