Tom Lee blames crypto weakness on quarter-end 'window dressing' as Bitmine adds another $43 million of ETH
CoinDesk·

60-second summary
Tom Lee attributes crypto weakness to quarter-end 'window dressing' as investors cut losses before the second half of the year. Bitmine, a prominent Ethereum buyer, adds another $43 million of ETH, its smallest purchase since early May. This move suggests investors are repositioning their portfolios, potentially leading to a short-term market dip before a potential rebound in the second half.
Bitmine made its smallest purchase since early May as Lee pointed to investors cutting losses before the start of the second half of the year.