Tom Lee indicates that recent market downturns correlate with liquidity crises among market makers. The October 10 crash, which resulted in 20 billion USD liquidated, caught many off-guard, leading to severe balance sheet holes.
Lee anticipates that market makers may need a few more weeks to stabilize, as Bitcoin continues its struggle, currently priced at approximately 86,900 USD, down from over 121,000 USD post-crash.
Leave a Reply