Tom Lee: The deleveraging cycle in the crypto market may be nearing its end.

According to Odaily Planet Daily, BitMine Chairman Tom Lee stated in an interview with CNBC that the current weakness in the crypto market is highly similar to the crash of October 10th, when a stablecoin pricing error triggered the largest liquidation in history, resulting in nearly 2 million accounts being wiped out and liquidity drying up instantly. Lee pointed out that such deleveraging cycles typically last about 8 weeks, and we are currently in the 6th week, suggesting the market may be nearing the end of its correction.