Tom Lee is calling the bottom for stocks—and that could mean big things for crypto. With the Iran ceasefire in place, he sees the S&P 500 ready to break higher, which usually spills over into bitcoin and ether. $BTC just jumped past $72K alongside a 1.9% equity rally, showing the link is still strong.

Onchain data backs the timing. Bitcoin's realized price sits 21% below spot, near levels that have marked cycle bottoms before. The Fear & Greed Index stayed in the single digits for weeks, yet ETFs still pulled in ~50K BTC/month in March. That's strong conviction from smart money.

For ether, there's extra fuel. The Ethereum Foundation hit its 70K ETH staking target, locking up $143M in yield-generating assets instead of selling. ETH ETFs flipped positive with $120M inflows—the most since mid-March. Plus, Bitmine Immersion (BMNR), chaired by Lee, just bought 71K+ ETH and is targeting 5% of total supply.

But the trade isn't risk-free. Iran's parliament claims the ceasefire is already breached, oil bounced back to $97, and the Strait of Hormuz is still closed. If tensions flare again, both stocks and crypto could retest lows fast.

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