๐ฅ Fundstrat Co-Founder and Head of Research Tom Lee has shared his latest outlook on the crypto markets โ and heโs feeling bullish heading into the end of the year! ๐
According to Lee, the effects of the recent massive liquidation triggered by global trade tensions have already faded, setting the stage for a strong market recovery. He expects a powerful crypto rally before the year closes out. ๐ฅ
Hereโs whatโs driving his optimism ๐
๐ Technical Signals:
Open interest levels for Bitcoin and Ethereum have dropped to historic lows, but several technical indicators are now starting to flash bullish signs.
๐ฆ Institutional Momentum:
Lee pointed to JPMorganโs openness to accepting crypto as collateral as a major positive catalyst for the industry.
๐ก๏ธ Crisis Resilience:
Despite a huge deleveraging eventโfar larger than what happened during the FTX collapseโBitcoin only dipped around 3โ4%, showing impressive stability and proving itself as a reliable store of value.
โ๏ธ Ethereum Strength:
Lee highlighted that on-chain activity on Ethereum, especially in the L1, L2, and stablecoin ecosystems, has risen sharply. However, this growth hasnโt yet been priced in โ meaning we could see a significant move upward later this year.
Letโs make history together, #DicasdeCripto fam! ๐
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๐ Market Signal:
Finally, Lee reminded that crypto often leads overall market liquidity and equity direction โ and right now, he says, the signals are looking โstrongly bullish.โ ๐ #bitcoin #ETH
