Tom Lee: Crypto Market May Be in a Bottoming Phase, Ethereum Shows Rapid Recovery After Multiple Deep Pullbacks

Odaily News Bitmine Chairman Tom Lee stated in an interview that Ethereum has experienced over 7 pullbacks exceeding 60% in just the past 8 years, each followed by a rapid recovery. He noted that these movements typically involve a sharp decline followed by a swift rebound.

Tom Lee also mentioned that if the current crypto market is indeed in a bottoming phase—a possibility suggested by certain market indicators—he cited Strategy's recent approximately 25% rebound as one of the observed factors. He stated that historical experience shows such recoveries often exhibit relatively rapid repair characteristics. (CNBC)