Bitmine's Tom Lee Defends $6.6B ETH Loss as LiquidChain Unifies DeFi

Fundstrat’s Tom Lee just stepped into the line of fire. His mission? Defending Bitmine’s staggering $6.6B unrealized loss on Ethereum. While that figure is startling, roughly the GDP of a small nat...

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Bitmine's Tom Lee Defends $6.6B ETH Loss as LiquidChain Unifies DeFi

Source: Bitcoinist.com

Fundstrat’s Tom Lee just stepped into the line of fire. His mission? Defending Bitmine’s staggering $6.6B unrealized loss on Ethereum. While that figure is startling, roughly the GDP of a small nation, Lee argues it’s not capitulation. It’s a ‘technical and time-based bottom.’ Basically, he sees this massive drawdown as a lagging indicator of the […]