🚨 Tom Lee says three factors may be driving the crypto crash:
• Falling AI and Nvidia stocks triggered margin calls, forcing investors to sell crypto for cash • Some investors may be raising money for Anthropic’s upcoming IPO • Binance users could be converting recovered funds into cash or stablecoins after the hack
Meanwhile, $BTC dropped near $62K and almost $2B in leveraged positions were liquidated.
These are possible reasons but not confirmed causes. Lee still believes the current pressure will pass and crypto’s long-term cycle remains alive.
• Falling AI and Nvidia stocks triggered margin calls, forcing investors to sell crypto for cash • Some investors may be raising money for Anthropic’s upcoming IPO • Binance users could be converting recovered funds into cash or stablecoins after the hack
Meanwhile, $BTC dropped near $62K and almost $2B in leveraged positions were liquidated.
These are possible reasons but not confirmed causes. Lee still believes the current pressure will pass and crypto’s long-term cycle remains alive.
