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

According to Mars Finance, BitMine Chairman Tom Lee stated in an interview with CNBC that the current weak trend in the crypto market is highly similar to the big dump on October 10, when a pricing error in stablecoins triggered the largest liquidation in history, with nearly 2 million accounts washed out and liquidity instantaneously depleted. Lee pointed out that such deleveraging cycles usually last about 8 weeks, and we are currently in the 6th week, suggesting that the market may be nearing the end of its adjustment.