Tom Lee Says Crypto Already Moved Through a Hidden Bear Phase
BeInCrypto
Fundstrat's Tom Lee and Raoul Pal suggest the recent market downturn represents a mid-cycle correction rather than the start of a broader bear market.Summary
Fundstrat co-founder Tom Lee argues that both equity and cryptocurrency markets have already navigated a hidden bear phase, evidenced by short positioning and liquidity levels typically seen at market bottoms. He contends that excessive bearish sentiment often precedes market reversals. Raoul Pal supports this view, characterizing the current climate as a mid-cycle correction rather than a cycle top, citing improving global liquidity and historically low sentiment readings as indicators of a potential turnaround. Furthermore, Lee emphasizes that the integration of AI with blockchain infrastructure continues to support the long-term structural case for assets like Bitcoin and Ethereum.
(Source：BeInCrypto)