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Tom Lee: Recently, it is not recommended to use leverage, but the market pain will not change Wall Street's goal of building an ETH Supercycle.
Odaily News The chairman of the board of BitMine, a treasury company for Ethereum, Tom Lee, posted on the X platform stating that the current fall in the crypto assets market has exposed many issues, such as market makers with significant balance sheet loopholes and sharks looking to trigger a big dump/dumping of Bitcoin prices. However, the pain caused by these issues 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 can easily lead to being Tied Up. Additionally, when responding to community users' inquiries about when the balance sheet issues of market makers can be resolved, Tom Lee indicated that it seems to require 6-8 weeks.