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Fundstrat’s Tom Lee predicted Ethereum’s market bottom during Tuesday’s crypto selloff as his firm BitMine purchased $21 million worth of ETH. The prominent analyst called the bottom timing on social media amid a $200 billion market cap liquidation event. Ether had already begun recovering above $4,430 at the time of writing, potentially validating Lee’s prediction.
- Tom Lee predicted Ethereum's market bottom would occur within hours during Tuesday's crypto market downturn
- BitMine purchased $21 million worth of ETH during the dip, increasing total holdings to 1.72 million ETH
- The prediction came amid a $200 billion market cap liquidation event with ETH recovering to $4,430+ after the call
📎 Related coverage from: cointelegraph.com
Other Tags: Fundstrat Global Advisors