Tom Lee: Quarter-End “Window Dressing” Weighs on Crypto Short-Term Performance, Industry Long-Term Outlook Remains Positive

Odaily reports that Tom Lee, Chairman of the Ethereum treasury company Bitmine, shared his views on the recent weakness in the crypto market. He stated that as the end of the second quarter approaches, institutions generally engage in window dressing operations, reducing holdings of assets that underperformed during the quarter. This has imposed short-term price pressure on cryptocurrencies, with Ethereum falling approximately 8% last week.

Tom Lee also pointed out that the industry's fundamentals continue to improve, with the official establishment of Ethlabs and a more lenient stance from the Bank of England on stablecoin regulation. He remains bullish on the crypto sector in the long term, citing two core growth drivers that remain unchanged: firstly, Wall Street financial capital continues to invest in crypto infrastructure, and secondly, the payment system for AI agents is gradually being implemented on the blockchain.

Bitmine will adhere to a long-term cyclical layout, formulating strategies around these two exponentially growing tracks, and still considers holding 5% of Ethereum's total circulating supply by 2026 as its core development goal. (PRNewswire)