Tom Lee: Crypto Market Correction to Last Two More Weeks, Nearing End

BlockBeats News, November 21st, BitMine Chairman Tom Lee said in an interview with CNBC that the current weakness in the crypto market is highly similar to the crash on October 10th, when a stablecoin pricing error triggered the largest liquidation event in history, with nearly 2 million accounts liquidated and instant depletion of liquidity. Lee pointed out that such deleveraging cycles typically last about 8 weeks, and we are currently in the 6th week, suggesting that the market may be in the final stages of adjustment.