Tom Lee: believes there will still be a wave of pump before the end of the year, with Bitcoin and Ethereum both turning towards a positive technical outlook.

On October 25, Tom Lee stated in an interview with CNBC: “The crypto market experienced a massive deleveraging event on October 11, with some of the contributing factors including tariffs and trade frictions. This was the most severe liquidation event in the crypto industry in the past five years, and the chain reaction from the event is still ongoing. Two weeks later, pessimism still lingers, but I believe these phenomena are about to end, as both Bitcoin and Ethereum's contract open interest are at historical lows. At this moment, both are turning towards a positive trend from a technical indicator perspective. Therefore, I also believe that crypto assets will experience a pump before the end of the year. Recently, JPMorgan also indicated that it might accept crypto assets as collateral in the future, which is very helpful for market confidence.”