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Tom Lee predicts that the cryptocurrency winter will end in April
By: rootdata|2026/03/29 18:42:01
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Bitmine Chairman Tom Lee stated in an interview that the current "crypto winter" is about to end. He believes that this downturn may have bottomed out or will end before April 2026.
He pointed out that the recent price movements of Ethereum have a strong correlation with the past declines of the S&P 500 index, including the 1987 stock market crash and the 2011 debt ceiling crisis.
Currently, long-term holders are continuing to hold their positions, while the exchange's balance of holdings is decreasing. These signals are typically consistent with the accumulation phase near market bottoms.
Previously, it was reported that BitMine increased its holdings by over 65,000 ETH in late March, bringing its total holdings to over 4.6 million.
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