Fundstrat Chief Investment Officer and BitMine Immersion (BMNR) Chairman Tom Lee stated at the Hong Kong Consensus Hong Kong 2026 conference that investors should no longer obsess over precisely predicting market bottoms, but instead focus on identifying entry opportunities with favorable risk-reward profiles during pullbacks. “What you should be thinking about is opportunity, not panic selling,” he emphasized.
Recently, the crypto market has come under renewed pressure. Since reaching a historic high in October 2025, Bitcoin has retraced approximately 50%, marking one of the most severe corrections since 2022. On Wednesday, Bitcoin fell below $67,000, dropping about 2.8% in the past 24 hours; Ethereum also weakened, falling to around $1,950, with a daily decline of about 3%.
Lee linked this downward move to significant volatility in precious metals prices. He pointed out that in late January, gold market capitalization experienced daily swings of several trillion dollars, triggering chain reactions of margin pressure, leading to a sell-off in risk assets. Due to Bitcoin’s performance lagging behind gold in 2025, he believes precious metals may have already approached a local high, while digital assets could have better relative performance prospects before 2026.
Regarding Ethereum, Lee reviewed historical trends, noting that since 2018, Ethereum has experienced multiple deep retracements of around 50%, often followed by strong rebounds. He also cited technical analyst Tom DeMark’s assessment that Ethereum might temporarily dip below $1,800, forming a “perfect bottom” to lay the groundwork for subsequent medium-term recovery.
Lee summarized that the market will never provide a universally accepted bottom point, but staggered positioning, controlling the pace, and focusing on long-term logic are often more practical than obsessing over precise timing. For investors willing to tolerate volatility, the current stage is more about reassessing risks and potential rewards.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Grayscale transfers 1,628 ETH and nearly 265 BTC to a certain CEX
Gate News Report, March 7th, Arkham monitoring shows that approximately 10 hours ago, Grayscale transferred 1628 ETH (worth $3.29 million) and 264.974 BTC (worth $18.31 million) to a certain CEX address.
GateNews14m ago
Bitcoin Investment: Data Shows No Profit for 3+ Years
Bitcoin (CRYPTO: BTC) has long carried a reputation for punishing late entrants, with double-digit drawdowns that test even patient investors. Yet a closer look at cycle-era history suggests that time, not timing, often determines whether red ink becomes green in the long run. Across
CryptoBreaking52m ago
CleanSpark Sells 553 BTC for $36.6M in February as Miners Dump Bitcoin
Bitcoin (CRYPTO: BTC) miners faced a dual dynamic in February: cash-flow optimization through asset sales alongside aggressive capacity expansion to support AI-enabled data-center workloads. CleanSpark reported selling 553 BTC from its February production for roughly $36.6 million while mining 568 B
CryptoBreaking3h ago
