Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Tom Lee: The current weakness in the crypto market is due to significant flaws in the balance sheets of one or two market makers.

2025-11-16 11:09

Odaily Planet Daily reports that Tom Lee, in an article published on the X platform, stated that the current weakness in the crypto market indicates significant loopholes in the balance sheets of one or two market makers, causing "sharks" to hover and trigger liquidations and price drops. He believes this pain is temporary and will not alter the Ethereum supercycle that Wall Street is building on the blockchain. He also advised against using leverage at this time.