Tom Lee sees limited Ethereum drop as proof of crypto bull market

Community Trust Score Verified 91 % Real Verified 34 votes Updated 6 minutes ago Tom Lee, chairman of BitMine, argued that the muted market reaction to the $6.3 billion hack at Binance serves as a significant indicator that a bull market is currently underway. Lee specifically pointed to the performance of Ethereum following the theft, noting that the asset declined by only roughly 4% in the aftermath of the incident. The assessment by Lee centers on the disproportionate size of the Binance breach relative to the market’s price response.