Tom Lee: The decline in ETH and BTC is due to forced liquidations, not a fundamental collapse
ChainCatcher reported that Tom Lee stated the declines in ETH and BTC were the result of artificially manipulated liquidations, rather than a collapse of fundamentals.
This view comes from market timing expert Tom DeMark, who has advised Goldman, Citi, and Paul Tudor Jones. DeMark believes the ideal bottom for ETH is around $2,500, but a reversal could occur earlier.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Matrixport: The Divergence Between Gold and Bitcoin Trends May Continue
Ethena-related addresses withdrew 125 million ENA from a certain exchange, with a total value of $34.15 million.
Trending news
MoreCrypto prices
More
