Throughout a current look on CNBC, Fundstrat’s Tom Lee has admitted that the crypto market has carried out “a lot worse” than he initially anticipated.
Listed below are the highest 3 #Ethereum bulls — all hit with huge losses. pic.twitter.com/0dUI3n2bPv
— Lookonchain (@lookonchain) February 2, 2026
This comes after Lee’s portfolio misplaced greater than $7 billion.
When requested to clarify the underperformance of the cryptocurrency sector, Lee states that the business doesn’t even have any leverage as of now. This leverage was flushed out through the notorious Oct. 10 crash.
That was like a vortex sucking all the danger urge for food towards the dear metals commerce.
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In keeping with Lee, crypto has suffered from this on a worth foundation. On the similar time, the business’s fundamentals have remained strong. “It’s been a distinction,” he summed up.
Lee additionally thinks that the broader economic system is definitely in a good condition.
The brand new Fed decide
Notably, Lee has additionally urged that this uncertainty might be attributed to the brand new Fed decide.
the market violently interpreted the decide because the return of a “laborious cash” regime, triggering an enormous liquidation occasion dubbed by some analysts because the “Warsh Impact.”
