South Korea’s stock market is getting hammered, and crypto is taking a hit too
Tom Lee says the sharp drop in South Korean stocks is spilling over into crypto. Brokerages are carrying out forced margin liquidations, and South Korean retail investors hold plenty of crypto. He calls this wave a short-term pain.
BitMine is an Ethereum treasury company. The first thing to watch under this pressure is whether ETH can hold the $4,000 level. If it can’t, the next support to look for is $3,800.
ETH holders, what’s your cost basis? Would you add at these levels, or get out for now?
Tom Lee says the sharp drop in South Korean stocks is spilling over into crypto. Brokerages are carrying out forced margin liquidations, and South Korean retail investors hold plenty of crypto. He calls this wave a short-term pain.
BitMine is an Ethereum treasury company. The first thing to watch under this pressure is whether ETH can hold the $4,000 level. If it can’t, the next support to look for is $3,800.
ETH holders, what’s your cost basis? Would you add at these levels, or get out for now?