Tom Lee: I don't recommend using leverage in the near term, but market pain won't change Wall Street's goal of building an ETH supercycle.

According to Odaily Planet Daily, Tom Lee, Chairman of the Board of BitMine, an Ethereum treasury company, stated in an article on the X platform that the current cryptocurrency market downturn has exposed many problems, such as: one or two market makers with significant loopholes in their balance sheets, and a group of sharks poised to trigger a Bitcoin price crash/sell-off. However, the pain caused by these problems will not last long and will not change Wall Street's goal of building an "ETH supercycle." But now is not the time to use leverage, as it is easy to get trapped. Furthermore, in response to a community user's question about when the market maker balance sheet issue could be resolved, Tom Lee stated that it seems it will take 6-8 weeks.